Is there a tax credit for gas, oil, or propane water heaters?
FREE ESTIMATES
Jacksonville Duval County 904-346-1266
St Augustine St Johns County 904-824-7144
Orange Park Clay County 904-264-6444
Jacksonville Beaches Duval County 904-246-3969
Fernandina Nassau County 904-277-3040
Macclenny Baker County 904-259-5091
Palm Coast Flagler County 386-439-5290
Daytona Volusia County 386-253-4911
GAINESVILLE ALACHUA COUNTY 352-335-8555
Serving all of Florida and Georgia at 904-346-1266
EMAIL LARRY@1STPROP.COM (feel free to email your bidding packages here)
Yes, Gas, Oil, and Propane Water Heaters can qualify for a tax credit.
| How much: | 30% of the cost (including installation/labor costs), up to $1,500. |
| Timing: | Tax credit in effect in 2009 and 2010. Must be installed in your “principal residence” between January 1, 2009 and December 31, 2010. |
| Details: | Installed after Feb 17, 2009: must have an Energy Factor of at least .82 OR a thermal efficiency of at least 90%.
Installed Jan 1, 2009 – Feb 17, 2009: must have an Energy Factor of at least .80 |
| Find qualified models: | There are several types of gas, oil, and propane water heaters:
1) Storage tank. There are NO residential storage tank water heaters that can qualify for the tax credit because none can meet the Energy Factor requirement of .82. However, there are some commercial storage tank water heaters that can qualify for the tax credit because they have a thermal efficiency of greater than 90%. These models are larger than what is typically considered a residential unit and may not have the standard safety features of residential models. 2) Tankless. For a partial list of tankless water heaters that qualify for the tax credit:
3) Gas condensing. Residential gas condensing water heaters are not on the market yet. They are expected in mid-2010. However, there are some commercial gas condensing water heaters that can qualify for the tax credit. These models are larger than what is typically considered a residential unit and may not have the standard safety features of residential models. |
| How to apply: | File Tax Form 5695 with your tax return. Enter the cost of your qualified water heater on line 3a, “Energy efficiency building property” (includes water heaters, heat pumps, and central air conditioners).
You must have a Manufacturer’s Certification Statement to qualify. FREE ESTIMATES Jacksonville Duval County 904-346-1266 GAINESVILLE ALACHUA COUNTY 352-335-8555 EMAIL LARRY@1STPROP.COM (feel free to email your bidding packages here) other websites we recommend you look at |