GET A $ 300 TAX CREDITS FROM UNCLE SAM - Water Heaters , Furnace , Solar Water Heating

Federal Tax Credits for Energy EfficiencySolar Water Heating - At least half of the energy
On October 3, 2008, President Bush signed intogenerated by the "qualifying property" must come
law the "Emergency Economic Stabilization Act offrom the sun.
2008." This bill                       Homeowners
 extended tax credits for energy efficient homemay only claim spending on the solar water
improvements (windows, doors, roofs, insulation,heating system property, not the
HVAC, and non-solar                       entire water
 water heaters). Tax credits for these residentialheating system of the household.
products, which had expired at the end of 2007,                       The water
will now beavailable for improvements mademust be used in the dwelling.
during 2009.                       The system
Water Heaters - Gas Water Heater (tanklessmust be certified by the Solar Rating and
water heater)Certification Corporation (SRCC).
              - Oil Water Heater(AFUE - annual fuel utilization efficiency - Measures
              - Propane Water Heaterthe amount of heat produced compared to
Energy Factor >= 0.82 or a thermal efficiency Â Â Â  the amount of fuel used )
of at least 90%.A Tax Credit is generally more valuable than an
       All ENERGY STAR gas tankless modelsequivalent tax deduction because a tax credit
will qualify !reduces tax dollar-for-dollar, while a deduction only
Oil Furnace - AFUE >= 90  30% of cost, upremoves a percentage of the tax that is owed. 
to $1,500Beginning in tax year 2009, consumers will be able
Natural Gas Furnaceto itemize purchases on their federal income tax
Propane Furnace Furnace - AFUE >= 95 , 30%form,
of cost, up to $1,500 which will lower the total amount of tax they
 owe the government .