Tankless Water Heater Oregon Tax Credit

The state of oregon is offering a tax credit for heat pump water heaters.

Tankless water heater oregon tax credit. In addition homeowners may qualify for a 150 us federal tax credit with a an installed rinnai condensing boiler. The credit amount for gas oil propane water heaters including tankless units is 300. Energy star certified commercial water heaters include gas fired storage and gas fired instantaneous also referred to as tankless units that use around 15 percent less energy than conventional commercial units by employing more efficient heat exchangers. 300 state tax credit for tier 1 heat pump water heaters.

A tankless water heater tax credit is a government s tax credit to citizens who take advantage of switching to a more energy efficient tankless hot water heater. The energy star label is now available for electric heat pump water heaters as well. That means if you installed a qualifying tankless water heater last year you could get the credit on the return you file in 2020 for 2019. For a tankless unit to qualify it must have a uniform energy factor uef of at least 0 82 all rinnai condensing tankless water heaters and the v94xi non condensing tankless water heater qualify.

Unless stated otherwise tax credits listed below are up to 50 percent of the cost of the device or 1 500 whichever is less on any one application. The state of oregon is offering a tax credit for the installation of gas tankless water heaters. 600 state tax credit for tier 2 heat pump water heaters ge rheem. These types of hot water heaters have been around for a while and many models offer a less energy consuming option for keeping a home supplied with hot water.

245 state tax credit for ef of 85 or more. Tankless water heater tax credits are often part of an initiative to improve a nation s overall carbon footprint or lower average energy use through the tax code. State of oregon income tax credit.