It’s that time of year, when we start gathering our financial documents to do our taxes. If you have an ENERGY STAR® water heater, or other home products, make sure to read this so you don’t miss out on extra money.
What Products Have Tax Credits
There are a variety of high-efficiency products around your home that may be eligible for up to $300 in federal tax credits.1 Get some money back in your pocket for those eco-friendly decisions you’ve made. Some of the products include water heaters, heat pumps, central air conditioners, windows and roofs.
You can find some useful information on Rheem’s website that pulls some important information together. There is a manufacturer’s certification statement that you can print out to keep with your dated proof of receipt. It includes all of our eligible products including Rheem® ProTerra™ Hybrid Electric Water Heater, tankless water heaters and others.
Details on What Qualifies
Products must have been installed January 1, 2018 – December 31, 2021 in a homeowner’s primary residence. New construction and rental properties aren’t eligible. So if you don’t have a product on the list now, keep it in mind when you’re buying appliances throughout 2021.
Don’t Miss Out on Other Money Back
Always check with your local utility company to see if they offer rebates for your ENERGY STAR or energy-efficient products. The savings can really add up, especially when you’re already saving money on your energy bill day to day. Learn more about what’s included in the Non-Business Energy Property Tax Credits on ENERGY STAR’s website.
Save Today, Save Tomorrow with ProTerra
The Rheem ProTerra Hybrid Electric Water Heater saves up to $480 per year in energy costs.2 The savings add up quickly.
1 Federal tax credit applies to 40-, 50-, 65- and 80-gallon models; Additional savings applies to 40- and 50-gallon models only; Information on tax credits accurate at time of publishing; Consult your tax advisor for details on eligibility requirements for any available tax credits. 2 Based on estimated annual energy cost savings of the 30 Amp 50-gallon model.
Credit: Rheem Pro partner