If you considering replacing your old water heater, now is the time to take advantage of the benefits and incentives that come with a new water heater. Harrison Electric offers water replacement for homeowners in Minneapolis, Minnesota. We can provide the right water heater for your family no matter how small or large your home is.
To schedule an inspection and water heater replacement service, contact us today.
Tax Credits for New Water Heaters
Doing the dishes, taking a shower, or cleaning your clothes requires a considerable amount of water each day. The government offers an energy tax credit for adding a more efficient hot water heater to your home. So, if you recently installed a water heater, you may be eligible for a tax credit.
The details of the tax credit include the following:
● 10% of expenditures up to $300 for a standard heater, including installation.
● You must save receipts and labels for all purchases
● You’ll need to file IRS Form 5695 with your upcoming tax return.
● The new unit must have a thermal efficiency of at least 90%. But it can run on gas, oil, or propane.
Minnesota Energy Rebate Program
Minnesota Energy Resources provides rebates of up to $3000 to residential customers for the purchase of energy efficient water heaters (tank and tankless) that meet the energy requirements. All equipment must meet certain efficiency standards. Purchases qualify for both new homes and renovations.
Contact Minnesota Energy Resources for more information on this program. You can work with a P&D Mechanical technician to select the water heater that will meet the requirements and fit your family’s needs.
Energy Star Certified Water Heaters
Water heaters are the second highest source of energy usage in the home. A new ENERGY STAR certified gas storage water heater utilizes roughly eight percent less energy compared to standard gas storage models.
According to ENERGY STAR, if all residential gas storage water heaters sold in the U.S. were ENERGY STAR certified water heaters, homeowners would save more than $1.2 billion nationwide and prevent nearly 10 billion pounds of carbon pollution annually. This is equivalent to the emissions from 900,000 vehicles.
If you have any questions about ENERGY STAR water heaters, a P&D Mechanical technician can answer your questions and help you choose the right model for your home.
Save Money With a New, Energy-Efficient Water Heater
If your water heater seven to ten years old, you may want to purchase a replacement water heater. Propane or natural gas-powered water heaters and tankless models can deliver lower annual ownership costs up to 30%.
Heat-pump technology, which draws heat from the surrounding air to increase efficiency, has been added to electric water heaters, and new gas water heaters use condensing technology to keep warm air from escaping. While these options are more expensive, they save additional energy.
Here are three options you should consider when purchasing a water heater:
1. The Size of the Unit. Consider the number of gallons the tank holds and the number of gallons the heater can supply per hour.
2. Retrofitting. Consider how much you'll need to spend to make it the water heater fit to comply with current building codes.
3. New technology. Water heaters now offer options and features to maximize energy efficiency. Find out what features are available before making a final decision.
Water Heater Installation in Minneapolis, Minnesota
If you are ready to replace your old water heater, contact P&D Mechanical today. Our trained and certified technicians can help you find the right water heater that meets your family’s needs while saving you money in installation and energy costs.
To schedule an inspection and installation, contact us today at 763-533-2218.
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