Tankless Water Heater Federal Tax Credits

The American Recovery and Reinvestment Act of 2009 signed on February 17, 2009, by President Obama has made significant changes to homeowner tax credits for specified energy-efficient home improvements including qualifying, residential water heaters. The tax credit for qualifying energy improvements such as the installation of Rinnai tankless water heaters has been modified from $300 to 30% of the full purchase and installation price up to a maximum credit of $1500. In addition these tax credits for 2009 have been extended through Dec. 31, 2010.

For more information on the bill, check out the U.S. Department of Energy website.

Texas Gas Service

Texas Gas Service offers a rebate of $300 for its customers for the installation of a Rinnai tankless water heater in residential homes.
Click here for more information.

Austin Energy

Austin Energy offers a rebate or a 0% interest loan to its customers as incentives to install solar water heaters. Click here for more information.
Click here for the Austin Solar Application

Federal Energy Tax Credit for Residential Solar

The Energy Policy Act of 2005 established a 30% tax credit up to $2000 for the purchase and installation of residential solar electric and solar water heating.
Click here IRS Form 5695.