New York, NY (1888PressRelease)
March 26, 2009 - In addition to your personal savings, the U.S. Government is encouraging the use of these environmentally-friendly water heaters by offering a $300 dollar tax credit.
Why Go Tankless?
Water heating accounts for 20% or more of an average household’s annual energy expenditures. The yearly operating costs for conventional gas or electric storage tank water heaters average $200 or $450, respectively. Storage tank-type water heaters raise and maintain the water temperature to the temperature setting on the tank. On Average, it maintains 40 gallons at 120-140 degrees F, and operates each time water is drawn from the tank to heat up the cold water that has entered. However the water heater also operates periodically due to "standby losses" of the heat conducted and radiated from the walls of the tank (through the flue pipe in gas-fired water heaters). These standby losses represent 10% to 20% of a household’s annual water heating costs.
Unlike "conventional" storage tank water heaters, tankless water heaters heat water only as it is used. A tankless hot water heater has a heating device that is activated by the flow of water when a hot water valve is opened. Once activated, the heater delivers a constant supply of hot water. Which Tankless Water Heaters Are Eligible for the $300 Tax Credit?
All tankless water heaters with an Energy Factor above .80 are eligible for the 2009 Tax Credit. This includes Takagi Tankless Water Heaters, Bosch Tankless Water Heaters, and Paloma Tankless Water Heaters.
Specific Models available at PexSupply.com include: Takagi T-K Junior Tankless Water Heaters for 1 to 2 Bathrooms, Takagi T-K3 Tankless Water Heaters for 2 to 3 Bathrooms, Takagi T-K3-OS Tankless Outdoor Water Heaters for 2 to 3 Bathrooms, Takagi T-M1 Whole House Tankless Water Heaters for 4 or more Bathrooms, Bosch 1600H Tankless Water Heaters for 1 to 2 Bathrooms, Bosch 2400ES Tankless Water Heaters for 2 to 3 Bathrooms, Paloma 5.3 Series Tankless Water Heaters for 1 to 2 Bathrooms, and Paloma 7.4 Series Tankless Water Heaters for 3 to 4 Bathrooms.
All of these heaters are available for both Natural Gas and Liquid Propane and can be purchased with FREE SHIPPING from PexSupply.com (Offer of free shipping available in the continental United States. For all other shipments, a $50 shipping discount will be applied to the order.
The Tankless Water Heater Tax Credit
The $300 tax credit is offered to citizens who purchase a Tankless Water Heater with an Energy Factor above .80. Originally established through the successful Energy Policy Act of 2005, this tax credit has been extended to 2009 through the Emergency Economic Stabilization Act of 2008. This $300 tax credit is a dollar-for-dollar reduction in the taxes that you pay for 2009. If you were going to pay $500, you will now pay $200, and if you were going to receive a refund of $100, you will now receive a refund of $400.
How is this different from a tax deduction?
A tax deduction reduces the gross amount on which your taxes will be calculated, potentially dropping you to a lower tax bracket and thus lowering the total amount of taxes that you will owe to the government. A tax credit is generally more valuable than a tax deduction because it directly reduces your taxes paid instead of reducing the tax rate and decreasing a percentage of taxes owed. The Tankless Water Heater Tax Credit is like telling the government that you already paid $300 in taxes, so you will not have to pay that amount again or will get it refunded to you.
How do I claim the Tankless Water Heater Tax Credit?
To receive your tax credit, you will need to claim your Tankless Water Heater, purchased between 1/01/09 and 12/31/09 on your 2009 federal income tax forms. The government will process your forms and either deduct the $300 from the amount that you must pay or add the $300 to your refund check. You will receive this tax credit when you file your taxes. For more information Please visit http://www.pexsupply.com/Tankless-Water-Heater-Tax-Credit.asp
PexSupply offer products from the world's leading suppliers of Tankless Water Heaters, including Bosch Tankless Water Heaters, Takagi Tankless Water Heaters, and Stiebel Eltron Tankless Water Heaters. There are natural gas, propane and electric tankless water heaters in this category.
Please visit: http://www.pexsupply.com/CategoryPre.asp?cID=1060&brandid=
John Parker
Pexsupply.com
375 West Broadway, 2nd Floor
New York USA - 10012
Phone: 1-888-757-4774
pexsupply1 ( @ ) gmail dot com
http://www.pexsupply.com/
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