Tax Credits On Non-Solar Water Heaters
Non-solar water heaters operate on natural gas, propane, or electricity instead of solar energy, so this information is essential if you want to determine if your heater qualifies for a federal credit.
The tax credit has been extended until December 31, 2022, so you can still take advantage of it even if your water heater was installed before 2022. Filing a 2017 return with any eligible savings may help if you missed out on filing this year; speak to a tax professional to determine if refiling makes financial sense for you.
● The water heater must be installed at your primary residence (you live there most of the time).
Whether your current water heater is on its last leg, or you’re just looking to upgrade, choosing a new water heater is a big decision, especially with all the options on the market today! Ultimately, you’re looking for what’s best for your home and family. To help you make the right choice for your home, we’ve compared traditional, conventional storage water heaters and tankless water heater models by basing them on four important criteria: installation and maintenance, cost, efficiency, and convenience.