$2,275 Off Tankless Water Heater

Water Heaters - Repair or Replace?

When you’re looking for a new water heater, keep in mind that the money you spend now may well be an investment that pays off in the long run. More expensive water heaters are often less costly to run than cheaper water heaters. To make a good investment, you’ll want to consider both the initial sticker price and the long-term costs of running your heater.

HVAC Tax Credits in 2010 Stimulus

Here's a summary of important HVAC-related tax credits included in the 2010 stimulus package. Homeowners may be able to claim tax credits equal to 30% of the installed costs (up to $1,500).

Tax Credits for Consumers:

Home Improvements - Tax credits are now available for home improvements:

must be "placed in service" from January 1, 2009 through December 31, 2010
must be for taxpayer's principal residence, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, and small wind energy systems (where second homes qualify)
$1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 & 2010 for most home improvements, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, fuel cells, and small wind energy systems which are not subject to this cap, and are in effect through 2016
must have a Manufacturer Certification Statement to qualify for record keeping, 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
If you are building a new home, you can qualify for the tax credit for geothermal heat pumps, photovoltaics, solar water heaters, small wind energy systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters.

According to the Department of Energy, most households in North Carolina still use storage tank hot water heaters to meet their residential needs. However, both tank and tankless hot water systems exist. Both may be fueled by gas, oil, propane, electric or solar energy.

Regardless of what type of water heater you may have, Ben Franklin Plumbing can repair or replace your water heater. You may even be able to qualify for the following savings: