Hot Water Heater Tax Credit

Energy tax credits are set to expire soon. Hot water heater tax credit makes the purchase of a tankless water heater a wise choice. Noritz Energy Star tankless models help keep our air clean and continue the fight against global warming. Energy star rated appliances use 7-10% less energy than non-rated appliances, and can save the user money throughout the life of the equipment. On October 3, 2008, President Bush signed into law the "Emergency Economic Stabilization Act of 2008." This bill extended tax credits for energy efficient home improvements, and among these are non-solar water heaters. The water heater tax credit of up to $1500 is availavle to individuals who install a Noritz energy star tankless water heater in their home or business.

There are three categories of eligibility for the tankless tax credit:

• Energy tax credits for consumers: home improvements through the purchase and installation of a Noritz tankless water heater
• Energy tax credits for homebuilders: installation of Noritz tankless water heaters for new home construction
• Energy tax credits for commercial building owners: installation of Noritz water heaters, for new construction or replacement

Earning the Energy Star® means products meet strict energy efficiency guidelines set by the U.S. Environmental Protection Agency and the Department of Energy. It also makes Noritz tankless products eligible for hot water heater tax credit. A Noritz energy star tankless water heater will achieve around a 30 percent reduction in energy use and save consumers approximately $108 annually, compared to a traditional tank water heater. By purchasing a Noritz waterless heater and taking steps to optimize the performance of heating equipment, you are helping to prevent global warming.

Click to learn more about the Water Heater Tax Credit.