Federal Tax Credits
Did you know there are Federal Tax Credits?
Do you qualify?
We can help you with any questions you may have
Meares Plumbing can also act as your consultant to help match the best tax credit with the best option available to you. Call us today!
The American Taxpayer Relief Act of 2012 provides consumers with a federal tax credit for the purchase and installation of an ENERGY STAR® qualified heat pump water heater with an energy factor of 2.0 or higher. This tax credit is retroactive to include eligible models purchased and installed between January 1, 2012 and December 31, 2013. The maximum tax credit for all improvements made in 2011, 2012, and 2013 is $500. If a taxpayer has already claimed a tax credit of $500 for purchases made in any previous year, they are ineligible for additional tax credits for any new equipment purchases.
** For more information about the Federal tax credit, visit EnergyStar.gov
** Please consult a tax consultant or related forms for full details.
Please note, not all ENERGY STAR qualified products qualify for a tax credit. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit. For more information about the Federal tax credit, visit EnergyStar.gov