Water Heater Replacement Millsboro DE
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Water Heater Replacement
Water Heater Replacement
HighlightsHeating the water in your house accounts for about 11% of your annual energy costs. Save up to 10% in water heating costs just by setting your water heater to 120 degrees compared to a 140 degree setting. You will not feel the difference in your shower, and silverware and plates in the dishwasher will still be sterilized.
If you need to replace your water heater, consider a gas model that costs a few hundred dollars more than an electric one, but it can save you more than $100 annually on your energy bill. Also consider going solar. The majority of states offer financial incentives for using solar technologies, increasing their cost effectiveness. The $1,500 federal 'cap' on the 30% tax credit for solar water heating has been lifted with the 2009 American Recovery and Reinvestment Act (2009 ARRA, so this provides considerable advantages for property owners.
For Water Heater replacements, the ROI Calculation is based on saving $4 a month with a high efficiency water tank.
TAX CREDITSThe American Recovery and Reinvestment Act (ARRA) provides you with a 30% Tax Credit for a new Water Heater that is put into service by the end of 2010. This tax credit item is only for existing homes, not new construction, that is your primary residence and it includes the cost of materials and installation.
3 KEY POINTS
Choose a new Water Heater that meets these criteria to get the Tax Credit; and check products carefully, because in many cases an ENERGY STAR certification does not necessarily meet the tax credit requirements below:
Gas, Oil, Propane Hot Water Heater:
All ENERGY STAR gas tankless models will qualify. For a partial list of qualifying products go to the Air Conditioning, Heating, and Refrigeration Institute (AHRI) .BONUS: Water Heater Economizer
This tactic is for gas or oil fired boilers that heat your home as well as the water for your showers, sinks, and all of the other domestic needs. You may have considered installing a High Efficient Water Tank or an On Demand 'Tankless' system, but installing an Economizer will save you energy and money. Choose a device that has a microprocessor like the 'Intellicon HW' (HW stands for Hot Water). It optimizes the...