Being a tax geek, excitement ran through my veins when my wife said we needed to buy a new water heater. That’s right, excitement! Our gas water heater was more than 20 years old and needed to be replaced. Knowing that there have been recent incentives to purchase energy efficient water heaters, I was all set to purchase a new water heater and tell my wife that we would get a tax credit to boot. However, after researching the topic further, my dreams of qualifying for a much needed tax cre
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The 2009 Economic Stimulus package is perhaps best known for the stimulus payments many will receive in 2009 and 2010. But the stimulus bill has other very significant tax savings for those who want to take advantage of the opportunity. One of these opportunities is a generous tax credit for energy efficient home improvements. Whether it’s new doors and windows, insulation, a roof, or even a solar water heater, you can earn a tax credit of up to 30% of the cost of the improvements. As with
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Grand Hall is pleased to announce a new tax credit qualification for its Eternal® hybrid water heating system now available through the American Recovery and Reinvestment Act. This government act serves as an incentive for homeowners to install energy-efficient residential water heaters by offering a tax credit of up to a maximum of 1500 dollars, or 30 percent of total cost of the product and …
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