| 2011 Federal Tax Credits For Energy Efficient, Energy Star® Water Heaters |
2011 Federal Tax Credits For Energy Efficient, Energy Star® Water HeatersIf your old water heater is in need of replacement, replacing them with a new, energy efficient conventional or tankless water heater unit will save you money every month throughout the year. Chicago area residents can also save money on the purchase cost of new water heater systems by taking advantage of 2011 federal tax credits on new, energy efficient water heaters. The rebates vary depending on the type and efficiency of the unit, but can cover 10% of cost up to $500 or a specific amount from $50 - $300. To quality for these savings you must purchase your new water heater before December 31, 2011. For more information on federal energy tax credits for new, energy efficient furnaces, visit:http://www.energystar.gov/index.cfm?c=tax_credits.tx_index. 2011 Changes to Federal Tax CreditsFederal tax credits on qualifying water heating equipment have been modified and extended through December 31, 2011 by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This program differs from the program effective in 2009-2010 in the following ways:The maximum amount an eligible homeowner may receive in tax credits for purchasing qualifying products, whether those purchases are in the form of upgraded insulation, windows, HVAC, water heaters equipment or other eligible improvements, will be reduced from $1,500 to $500. The $500 cap is reduced by the total amount of residential energy property credits a homeowner has claimed for purchases between 2006 and 2010. If you have already claimed credits of $500 or more from improvements made prior to 2011, you will be unable to claim new credits for improvements made during 2011. The credit is no longer 30% of qualified residential energy property costs (including labor), but is now equal to an amount not to exceed: The State of Illinois is not offering energy efficiency rebates for home heating or water heaters at this time. ENERGY STAR® Rated Water HeatersWith water heating accounting for 14%–25% of the energy consumed in the average Chicago area home, choosing an efficient model can have a significant impact on your energy costs.Gas, oil, propane and electric heat pump water heaters with an Energy Factor greater or equal to 0.82 OR a thermal efficiency of at least 90% can quality for a $300 tax credit. Remember, the most important day in the life of your furnace or water heater is the day it's installed. M/R Plumbing will help you choose right energy efficient furnace or water heater for your family's needs and budget. With a professional installation you will be comfortable in knowing that your new furnace or water heater will provide years of efficient, trouble free service. |
Communities We Service
| Alsip IL 60803 Bedford Park IL 60638 Blue Island IL 60406 Bridgeview IL 60455 Burbank IL 60459 Burr Ridge IL 60527 Chicago IL 60655 Country Club Hills IL 60478 Crestwood IL 60445 Evergreen Park IL 60805 Frankfort IL 60423 Harvey IL 60426 Hinsdale IL 60521 Homewood IL 60430 Flossmoor IL 60422 |
Homer Glen IL 60491 Lagrange IL 60525 Lagrange Park IL 60526 Lansing IL 60438 Lemont IL 60439 Lockport IL 60441 Markham IL 60428 Matteson IL 60443 Merrionette Park IL 60655 Midlothian IL 60445 Mokena IL 60448 New Lenox IL 60451 Oak Brook IL 60523 Oak Forest IL 60452 |
Oak Lawn IL 60453 Olympia Fields IL 60461 Orland Hills IL 60487 Orland Park IL 60462 60467 Palos Heights IL 60463 Palos Hills IL 60465 Palos Park IL 60464 Posen IL 60469 Richton Park IL 60471 Robbins IL 60472 Tinley Park IL 60477 Willow Springs IL 60480 Worth IL 60482 |
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Plumbing Parts & Supplies
M/R Plumbing has a large selection of plumbing supplies and parts at our showroom, including.
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