Tankless Gas Water Heater Federal Tax Credit

Energy star certified electric heat pump water heaters hpwh all hpwhs that earn the energy star are independently certified and qualify for the federal tax credit.

Tankless gas water heater federal tax credit.

26 for systems placed in service after 12 31 19 and before 01 01 21. These types of hot water heaters have been around for a while and many models offer a less energy consuming option for keeping a home supplied with hot water. For a tankless unit to qualify it must have a uniform energy factor uef of at least 0 82 all rinnai condensing tankless water heaters and the v94xi non condensing tankless water heater qualify. Tankless federal tax credit federal income tax credits and other incentives for energy efficiency under the bipartisan budget act of 2018 which was signed in february 2018 a number of tax credits for residential energy efficiency that had expired at the end of 2016 were renewed.

Internal revenue service irs is also providing consumers with a tax credit on high efficiency water heating equipment. You can receive a tax credit for a percentage of the cost not including installation costs which varies depending on when the system is placed in service. 30 for systems placed in service by 12 31 19. Npe 150s npe 180s npe 180a npe 210s npe 210a npe 240s npe 240a.

The credit amount for gas oil propane water heaters including tankless units is 300. That means if you installed a qualifying tankless water heater last year you could get the credit on the return you file in 2020 for 2019. Of course any qualifying tankless water heater installed this year would also qualify on taxes due in april 2021. A tankless water heater tax credit is a government s tax credit to citizens who take advantage of switching to a more energy efficient tankless hot water heater.

Tankless gas water heaters qualified navien condensing tankless gas water heater models. Receive a 300 federal tax credit when you buy an energy efficient energy star certified electric heat pump or gas storage water heater.