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Not only will you save money on your hot water bill, your Geyser also qualifies for the 30% Energy Efficient Improvements Federal Tax Credit. Download the Manufacturer’s Certification Statement that you will need to keep on file in order to claim the Tax Credit. The Federal Tax Credit is for 30% of the cost and installation of energy efficient appliances up to $5,000.
In order to claim your Tax Credit, please note the following:
• The appliance must be "placed in service" from January 1, 2009 through December 31, 2010
• The appliance must be for taxpayer's principal residence
• The appliance must have a Manufacturer Certification Statement to qualify
• The tax credit is limited to $1,500 on up to $5000 in purchases for appliances placed in service in 2009 and 2010
• For record keeping, you must save your receipts and the Manufacturer Certification Statement
• Improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010)
• Use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010.
For more information on the Federal Tax Credit, you can go to:
http://www.energy.gov/taxbreaks.htm
http://energystar.custhelp.com/cgi-bin/energystar.cfg/php/enduser/std_adp.php?p_faqid=2928
http://www.energystar.gov/index.cfm?c=tax_credits.tx_index and http://www.energysavers.gov/financial/index.cfm/mytopic=70010.
To find additional local and state incentives that may be available, go to:
http://www.dsireusa.org/.
Please let us know if you have any questions and once you get it hooked up, we’d love to hear how your Geyser is working for you.
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Federal 30% Tax Credit