Tankless Water Heater Tax Credit for 2009-2010

How much?
Selected Takagi Tankless Water Heater models qualify for the 2009-2010 Tax Credit and can save you from 30% up to $1500.00 in taxes on unit purchase and installation costs.

What does the Tax Credit apply to?
The Tax Credit applies both to the water heater cost and the installation cost.

Which models qualify?
In addition to the Takagi models listed below, all Gas, Oil or Electric waters heaters with Energy factor of 0.82 or 90% Thermal Efficiency qualify.

Takagi models available from PexUniverse.com that qualify for the Tankless Water Heater 2009-2010 Tax Credit are:

Takagi Jr Tankless Water Heater (Liquid Propane only)
Takagi T-K3-OS-NG Tankless Water Heater (Natural Gas)
Takagi T-K3-OS-LP Tankless Water Heater (Liquid Propane)
Takagi T-K3-NG Tankless Water Heater (Natural Gas)
Takagi T-K3-LP Tankless Water Heater (Liquid Propane)

A complete list of qualifying models can be seen here:
http://www.energystar.gov/index.cfm?fuseaction=gas_tankless.display_products_html

When to file?
2009 installations should be claimed on your 2009 taxes (to be filed before 04/15/2010).
Installations in 2010 will be claimed on your 2010 taxes (to be filed before 04/15/2011).

What is a Tax Credit?
Unlike a rebate, a Tax Credit cannot be claimed right after the purchase. A Tankless Water Heater Tax Credit is claimed on your Federal Income Tax at the time of filing.
If you’re eligible for a Tax Refund, the Tax Credit will increase the total amount of the Tax Refund.
If you’re not eligible for a Tax Refund, the Tax Credit will decrease the amount of Taxes to be paid.

For more information on the Water Heater Tax Credit, please visit:
http://www.energystar.gov/index.cfm?c=tax_credits.tx_index

Information provided is for general reference only. For details of this program, visit the U.S. Department of Energy website