From the State of Indiana website:

“As of January 1, 2009 the State of Indiana is providing a state income tax credit when certain EnergyStar rated equipment is purchased by a homeowner or small business owner.  The credit, worth as much as $100 can be used when purchasing a furnace, a water heater, central air conditioning, room air conditioner or a programmable thermostat.  Homeowners and small business owners can claim the credit on their state income tax return.”

For more information visit:  http://www.in.gov/oed/2379.htm

With all of the news and information regarding tax credits and rebates for energy efficient home comfort equipment, specifically gas tank style water heaters,  we here at B&W Plumbing and Heating wanted to try to simplify the info and put it all in one place.

First of all, the rebates and credits are for Energy Star Rated, High Efficiency, Tank-Type Gas Water Heaters for RESIDENTIAL customers.  These credits and rebates also only apply to new equipment installed in existing residences.

The following four programs are for High Efficiency water heaters with an EF>= 0.62

Details of each program are below:

Indiana Energy Tax Credit

Credit/Rebate:  Tax Credit 20% of expenditures Max $100  per year      

Notes:  Valid 1/1/2009 to 12/31/2010.

             File for your credit when you file your state taxes.

             Credits in excess of your tax liability for a given year may not be refunded.

Link:  http://www.in.gov/dor/reference/files/ib100.pdf

Indiana Energy Rebate Program                  

Credit/Rebate:  $150.00 Rebate  

Notes:  EXPIRED !!!!!

            Must submitted to the state within 30 days of purchase.

            Must have Adgusted Gross Income less than $75,000 recorded on 2008 filed tax returns.

Link:  http://www.in.gov/oed/files/2009_Indiana_Residential_Energy_Efficiency_Rebate_Rev_7.doc

Citizens Gas Rebate    

Credit/Rebate:  $100.00 Rebate

Notes:  Effective 10/1/2008

            Must be submitted within 30 days of purchase.

            Must be a Citizens Gas customer.

Link:  http://www.citizensgas.com/pdf/rebates/list_res_water_heaters.pdf

          http://www.citizensgas.com/pdf/rebates/Residential_Rebate.pdf

Vectren Energy Rebate                          

Credit/Rebate:  $100.00 Rebate

Notes:  Effective 5/1/2008

            Must be submitted within 30 days of purchase.

            Must be a Vectren Energy customer.

Link:  https://www.vectrenenergy.com/cms/assets/pdfs/rebates/list_res_water_heaters.pdf

          https://www.vectrenenergy.com/cms/assets/pdfs/rebates/res_rebate.pdf

A High Efficiency water heater with an EF>= 0.82 qualifies for the Federal Energy Tax Credit:

Federal Energy Tax Credit

Credit/Rebate:  Tax Credit 30% of expenditures for 2009 and 2010 combined to $1500 max.      

Notes:  Valid 1/1/2009 to 12/31/2010.

             File for your credit when you file your federal taxes.

             Credits in excess of your tax liability for a given year may not be refunded.

Link:  http://www.energystar.gov/index.cfm?c=products.pr_tax_credits#7

For a list of available energy tax credits and rebates in your area, visit http://www.dsireusa.org . 

If you have any other questions, please give us a call at (317) 243-3581 or click http://www.bplusw.com/expert.html .

B&W Plumbing and Heating, The Professionals in the Big, Black Trucks.