Tankless Gas Water Heater Federal Tax Credit

The credit amount for gas oil propane water heaters including tankless units is 300.

Tankless gas water heater federal tax credit.

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. Of course any qualifying tankless water heater installed this year would also qualify on taxes due in april 2021. 26 for systems placed in service after 12 31 19 and before 01 01 21. Npe 150s npe 180s npe 180a npe 210s npe 210a npe 240s npe 240a.

Product category product type tax credit specification tax credit water heater gas oil propane energy factor 0 82 or a thermal efficiency of at least 90 up to 300 00. 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. The rheem water heating division of rheem manufacturing company certifies that the water heating models listed here meet the criteria for the credit of 300 for energy star certified gas water heaters with. Homeowners who have made energy efficient improvements including an upgrade to a rinnai tankless water heater may qualify for a 300 us federal tax credit known as the nonbusiness energy property credit.

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. 30 for systems placed in service by 12 31 19. 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. 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.

Tankless gas water heaters qualified navien condensing tankless gas water heater models. Internal revenue service irs is also providing consumers with a tax credit on high efficiency water heating equipment.