Federal Tax Credits for Energy Efficiency
This tax credit expires on December 31, 2010.  Installation costs are included.
 
 
 
Electric Heat Pump Hot Water Heater Tax Credit Information
Conventional Electric Hot Water Heaters do not qualify for the tax credit - ONLY Heat Pump Water Heaters
 
  1. 30% tax credit up to $1500 maximum
  2. Electric Heat Pump Hot Water Heater must have an Energy Factor greater than or equal to 2.0
  3. Costs include labor
  4. Must be installed in your primary residency
  5. Does not include new construction
  6. Must be installed and ready to use between the dates of January 1, 2009 and December 31, 2010
  7. You will need to file a newer version of IRS Form 5695 with the IRS at tax time
  8. You will need a receipt for the work done
  9. You will need a Manufacturer Certification Statement confirming the efficiency rating
 
Notes:
Only one Energy Star Heat Pump Water Heater qualifies at this time.
 
 
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GetCozy.com provides an overview of tax credits for energy efficiency and is not responsible or liable for actual tax credits or other incentive programs. All content on the GetCozy.com web site is for informational purposes only and is provided without warranties, representations, or guarantees of any kind. Consult with a professional tax advisor or the IRS to confirm current requirements and qualifications for all products and services.