Grand Hall has announced a new tax credit qualification for its Eternal® hybrid water heating system now available through theAmerican Recovery and Reinvestment Act. This government act serves as an incentive for homeowners to install energy-efficient residential water heaters by offering a tax credit of up to a maximum of $1,500 dollars, or 30 percent of total cost of the product and basic installation.
Paul Home, Grand Hall’s director of product development and marketing, says these types of incentives are an essential part of increasing consumer awareness and usage of energy-saving products.
Both the Eternal GU20 and Eternal GU26 models meet the required standards of “Qualified Energy Property” as the products offer an energy efficiency factor of 0.82 or greater. In order to receive the tax credit, homeowners need to upgrade their home with an approved Eternal model between Feb. 17, 2009 to Dec. 31, 2010. After installation, homeowners can use IRS form 5695 to claim 2009 or 2010 taxes.
In addition, homeowners should save their receipt of purchase for tax purposes, and may claim all qualifying energy efficient home improvements over the lifetime of the credit 2009-2010. For more information on Eternal, visitwww.eternalwaterheater.com.
Source: Grand Hall
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