Receiving Tax Breaks Just For Saving A Little Electricity
Homeowners trying to cut their tax bills may need to rethink their water heaters. A recently signed law allows men and women to take as much as a $300 tax credit if they use a tank-less water heater in their house.
The brand new tax credit is meant to encourage US residents to better manage their power consumption through the use of more efficient technology. Switching to this kind of technology carries the added benefit of decreasing utility bills overall even when the tax credit has expired.
When it comes to water heaters, that means working with products that supply a continuous supply of hot water while lowering energy use.
For instance, Bradford White Ever Hot tank-less hot water heaters use powerful technology to provide hot water immediately. The water heaters use a number of modulating gas burners that only run when there's a demand for hot water.
The Energy Factor (EF) of the heaters range from 82 to 87- amply above the new energy bill's minimum tax credit-qualifying criteria of 80.
"Tank-less water-heating technology may not be the top choice in all water-heating applications," stated Bruce Carnevale, vice president of sales at Bradford White Corporation.
"However, recent improvements in tank-less water heating models have made them an important alternative to the energy-conscious consumer. One of the barriers to consumer popularity of tank-less water heaters has been their high initial price, relative to standard tank-type water heaters. But the $300 tax credit will help to cut down the price differential."
Additional tax credits exist for home builders who use the new technologies. So, if you're an individual thinking about new Eco-friendly technology, the scalar energy pendant is a product to invest in. Most scalar energy pendants are used to enhance energy in food and individuals, but the scalar pendant may also be used to raise the efficiency of your refrigerator.
There are also benefits for commercial applications, whether or not the building is totally new or under renovation. The tax credit may be available through Dec. 31.
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