Beginning on Feb., 17, the water heater must have at least a .82 Energy Factor (EF) rating or 90% thermal efficiency to qualify. The credit is subject to a combined $1,500 maximum per homeowner for all improvements eligible under the new law. The $1,500 credit is a cap on the combined amount that can be taken in tax years 2009 and 2010.
Tax Credit…A. O. Smith
New tax credit changes in The
American Recovery and Reinvestment Act of 2009 affect A. O. Smith water heating
products. Under the revised law, the previous tax credit of $300 has been
converted to 30% of the total installed cost, including labor, with a cap of
$1,500 through 2010. For water heaters installed from Jan. 1, 2009 through
Feb. 16, 2009, the water heater must have at least a .80 Energy Factor (EF)
rating or 90% thermal efficiency to qualify for the latest tax credit.
Beginning on Feb., 17, the water heater must have at least a .82 Energy Factor (EF) rating or 90% thermal efficiency to qualify. The credit is subject to a combined $1,500 maximum per homeowner for all improvements eligible under the new law. The $1,500 credit is a cap on the combined amount that can be taken in tax years 2009 and 2010.
Beginning on Feb., 17, the water heater must have at least a .82 Energy Factor (EF) rating or 90% thermal efficiency to qualify. The credit is subject to a combined $1,500 maximum per homeowner for all improvements eligible under the new law. The $1,500 credit is a cap on the combined amount that can be taken in tax years 2009 and 2010.
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