Federal Tax Credits - Electric Heat Pump Water Heater

Electric Heat Pump Water Heater Water heating can account for 14%–25% of the energy consumed in your home. Tax Credit: 30% of cost up to $1,500 Expires: December 31, 2010 Details: Must be an existing home and your principal residence. New construction and rentals do not qualify. Requirements Energy Factor ≥ 2.0. Tax Credit includes installation costs. Definitions:

• Energy Factor - is the measure of overall efficiency for a variety of appliances. For water heaters, the energy factor is based on three factors: 1) the recovery efficiency, or how efficiently the heat from the energy source is transferred to the water; 2) stand-by losses, or the percentage of heat lost per hour from the stored water compared to the content of the water: and 3) cycling losses. For dishwashers, the energy factor is defined as the number of cycles per kWh of input power. For clothes washers, the energy factor is defined as the cubic foot capacity per kWh of input power per cycle. For clothes dryers, the energy factor is defined as the number of pounds of clothes dried per kWh of power consumed.

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