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As part of the American Recovery and Reinvestment Act, the U.S. government is offering a full 30 percent tax credit—up to a maximum of $1,500—for homeowners who invest in an energyefficient tankless gas water heater in 2009 and 2010.
As part of the American Recovery and Reinvestment Act, the U.S. government is offering a full 30 percent tax credit, up to a maximum of $1,500, for homeowners who invest in an energy-efficient tankless gas water heater in 2009 and 2010.
HomeDepot.com takes 10% off through 5/4 via code SAVE22. I highly recommend going green and installing a tankless water heater if only because it makes financial sense. Aside from 10% off, you now get a tax credit for 30% off your purchase price (see more info here; this is similar to a 100% tax deduction). This means you can get a 6.6 GPM Rheem EcoSense Tankless Water Heater for $899.10 after the 10% off cuts the $999 price, plus get a $270 tax credit, for a $629 net price. Tankless heaters
