Tankless Tax Credit
$300 US Federal Tax Credit
In late December 2014, Congress passed HR 5771 – Subtitle C: Energy Tax Extenders which includes the tax credit for residential energy efficiency improvements.
This bill extends the tax credits that expired in 2013 from January 1, 2014, until December 31, 2014, for qualified equipment listed in Section 25C of the Internal Revenue Code. Because the credits were made retroactive to January 1, 2014, they can be used for qualified equipment that was installed any time after December 31, 2013 thru December 31, 2014.
How does this apply to Rinnai products?
- All current Rinnai Tankless Water Heaters with an energy factor of at least 0.82 qualify for a $300 US Federal Tax Credit. All current Rinnai Condensing Boilers with an AFUE of at least 95% qualify for a $150 tax credit.
What does this mean for you?
- If you purchased a qualified Rinnai Tankless Water Heater or Condensing Boiler between January 1, – December 31, 2014, you may be eligible to claim the federal tax credit.
How do you claim your Federal Tax Credit?
- Download and save the Manufacturer’s Certification Statement along with a copy of your proof of purchase.
- When filing your taxes, use IRS Form 5695.
There are requirements and limitations to qualify for the Federal Tax Credit. In assessing the applicability of the tax credit to your purchase, Rinnai recommends that you consult with a tax professional to confirm you meet all requirements.
Download and save the 2014 Manufacturer’s Certification Statement along with a copy of your proof of purchase.
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