May 22, 2091 | You can reduce your water heating costs by lowering the thermostat setting on your water heater. Although some manufacturers set water heater thermostats at and more »
May 22, 6437 | of the federal government's incentives for home energy efficiency -- heftier tax credits for solar panels, solar water heaters, geothermal heat pumps, and more »
May 22, 4241 | Examiner.comThe new law also eliminates the cap on the 30 percent tax credit for alternative energy equipment, such as solar water heaters, geothermal heat pumps and Be aware of changes in the tax law for 2009Energy Provisions of the American Recovery and Reinvestment Act of Three times the goodall 5 news articles »
May 22, 518 | To be safe, make sure all your gas appliances (furnace, stove, water heater, etc.) and fireplace are working properly. If you have a space heater, and more »
May 22, 8682 | Install a water softener unit in-line before the water heater. This will prevent sediment from building up in the bottom of the water heater.
What kind of Energy Efficient Water heater options are out there?
Apr 23, 2007 by anon
My water heater is probably on it's last leg. i want to be prepared to replace it when it goes out, or even make a preemptive strike. What are the good options out there. What can I expect to pay? I remember hearing about Microwave water heaters that heat on demand. is there a good affordable technology out there yet?
i would say go for a tankless water heater, get a natural gas one if you can because natrual gas is always better than electric, cheaper too. the tankless ones are nice because you will never run out of hot water, and they are more efficient because they don't have to keep 50 gallons of water hot all of the time. the cost more at first, but they give you great results, and lower energy costs.
2008 Tax Deduction for Highly Energy Efficient Hot Water Heater and Furnace?
May 22, 1241 by Dr Jim
I purchased a highly energy efficient hot water heater as well as a high efficiency furnace in 2008. Is there anywhere to claim a credit for these two items? It looks like federal forms are only giving credits for solar heating and hybrid vehicles. If you know where to claim a credit for new furnaces and hot water heaters, let me know. Thanks for your timely response!
There is no credit for these items in 2008. Under the American Recovery and Reinvestment Act of 2009, these are reinstated for the tax years of 2009 and 2010 only.
Sharon Pierce, HRB Sr Tax Advisor V
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.