Tankless Water Heaters: Tax Credits and Rebates

You can get a residential energy property credit of $300 if your tankless water heater uses a renewable energy source. Residential energy efficiency credits are no longer in effect as of December 31, 2021, but residential renewable energy products still qualify for tax credits until December 31, 2023.

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Benefits of Tankless Water Heaters

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Lower Energy Bills

Tankless heaters can help you significantly reduce your monthly energy bills as they are much more efficient in their energy usage.

1

No More Freezing Pipes!

In the winter, condensation can build up in your pipes and freeze, forming ice that can disrupt your water flow and cause water lines to burst.

2

Environmental Impact

One of the lesser-known benefits is installing a tankless water heater helps reduce global warming.

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What Tax Incentives Are There For Tankless Water Heaters?