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January 1, 2009 through December 31, 2010.

Tankless water heaters with an energy factor (EF) of 0.82 or greater will qualify for the tax credit.

30% of the full purchase and installation price up to a maximum of $1500

• The tankless water heater must be “placed in service” between January 1, 2009 and December 31, 2010. The IRS defines "placed in service" as when the product is ready and available for use.
• The tankless water heater must be installed in or on the taxpayer’s principal residence in the United States.
• The tax credit is ONLY available for existing homes.
• The maximum amount that a taxpayer may claim for all qualifying energy efficient home improvements including the purchase and installation of a tankless water heater is $1,500 over the lifetime of the credit (2009 & 2010).
• Tankless water heaters installed in 2008 are not eligible for the tax credit.

• Purchase and install a qualifying tankless water between Jan. 1, 2009 - Dec. 31, 2009.
• Save your proof of purchase along with a copy of the Manufacturer’s Certification Statement.
• When filing your 2009 taxes, use IRS Form 5695 (2009 version) - it will be available late 2009 or early 2010. Consult a tax professional for further details.