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Tax Credit Water Heater Heating Cooling System
Tax credits are available for Water Heater Upgrades and Residential Heat and Cooling System Replacement in 2010.
Water Heater Upgrades
Water heating energy counts for approximately 15 percent of total energy use for a typical residence. Replacing an older water heater with a higher Energy Factor gas, oil or propane water heater or installing a heat pump water heater will reduce the energy use in a residence . A tax credit is available for up to 30 percent of the product cost or $1,500, whichever is less.
Residential Heat and Cooling System Replacement
Homeowners can get credits for installing efficient air conditioners and heat pumps; gas or oil furnaces and furnace fans; and geothermal heat pumps in new or existing homes. Tax credits are also available for biomass stoves (e.g., pellet stoves). Homeowners are eligible for 30 percent of the cost of the equipment and installation up to $1,500. For geothermal heat pumps, a homeowner is eligible for 30 percent of the cost of the system with no cap. These credits are available for new or existing homes.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Tax Credits for Water Heater Efficiency and Residential Heat and Cooling System Replacement is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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