It seems like everyone you talk to and every news station you tune into is buzzing about the fiscal cliff. Everything seemed so confusing when we were all unsure if the government would avert this fiscal cliff. On January 2, President Obama signed the bill into law. What everyone wants to know is; how will this bill affect me? You will be pleased to know that there are quite a few provisions that positively affect you including the 2013 tax relief for energy efficient home improvements.
Types of Energy Efficient Home Improvements
You’ll be happy to know that some improvements made to your home may qualify for a 10 percent tax credit of up to $500. This provision also was made retroactive to cover the improvements made in 2012! The appliances that are eligible for the tax relief include energy efficient heaters, air conditioners, water heaters, insulation and windows.
Energy Efficient Home Improvements: Tankless Water Heaters
At ER Plumbing, we are looking out for the consumer by offering our advice with appliance selection that will cost less in the long run. Tankless water heaters are a perfect example of an investment that will benefit you. Not only will your monthly operation cost be less, but your tax relief is another incentive.
Tankless water heaters use less energy to heat the water since they do not store any heated water in a tank. The tankless water heaters that we install at ER Plumbing are eligible for the 2013 tax relief. Even if we installed one for you in 2012, you can apply for the tax credit as well. If you have been thinking of upgrading your water heater, now is the time to do it!
How to Receive the 2013 Tax Relief for Energy Efficient Home Improvements
When you file your taxes this year or next year, you will fill out a form to receive your tax relief from purchasing an energy efficient appliance, such as a new tankless water heater. ER Plumbing can work with you to select a tankless water heater that is on the list of acceptable appliances for this relief. Don’t miss out on the 2013 tax relief for energy efficient home improvements.
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