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.