Qualify for the Energy Efficient Tax Credit on Water Heaters This Tax Season

Qualify for the Energy Efficient Tax Credit on Water Heaters This Tax Season

Travis Says – Call Us to Find Out How to Qualify for the Energy Efficient Tax Credit on Water Heaters This Tax Season – and Next!

If you need to replace your water heater this year – in 2015…

As your plumber, it’s my solemn duty to help you choose the best products for your home and family, as well as to try and save you money along the way. And in case you haven’t heard, when it comes to energy efficient water heaters, the new Federal requirements are coming online this April 16th. This means that – if you have to replace your water heater this year – 2015 – please know how important it is to replace it with a water heater that meets these new federal energy conservation standards.

Do you know what the new energy efficient requirements for a water heater are now?

Now – if you need to know what these new energy efficient standards and requirements are, and which water heater you should buy – then – well, you can go online. However – if you go online you’ll discover that – like everything else about our government – they’ve made this about as confusing and difficult to understand as possible. So, after talking it over with my staff, we’d like you to know that you can give us a call because we will have operators standing by to help you with this. (:0) Yes, our team here at Moon Valley Plumbing will happily talk to you all day about your water heater, water heaters in general, and specifically – about which water heater will suit your needs as well your wallet.

Do you know how to choose a water heater that will qualify you for a tax credit in 2016?

Also – in addition to figuring out which water heater you have to buy to meet the regulations, it’s important to look at the long-term tax benefits that a new water heater could bring. Again, that’s something we understand and can advise you on as well, because you can save a lot of money on your taxes in 2016 if you do it right. And just so you know, it doesn’t matter to us which brand of water heater you buy – as long as it serves your needs and saves you money – both now and in the long run. Now, we just want you to know that we don’t sell water heaters, and we don’t represent any brand, we just do this as a service for our customers, because the government drives us crazy too.

But what about buying a water heater – and getting a tax credit for 2014?

In the meantime, though – what about water heaters and tax credits for 2014 – the tax year you probably already have spread out all over the dining room table right now? Well – if you bought a water heater and had it installed at any point in 2014 – it’s possible that you could save some money on your taxes when you file next month, even if you had no idea what you were doing when you bought it (just trust us on this).

Here’s the deal: the fact is that you could qualify for up to $500 in an energy tax credit if you replaced or upgraded any one of these following energy systems last year, and it met the Energy Star certified qualifications:

  • any kind of heating, ventilation, or air conditioning units
  • various kind of insulation
  • windows doors, skylights
  • metal or asphalt roofs
  • biomass stoves
  • and the biggee and our personal favorite for this column – a NON-SOLAR WATER HEATER

That means that you can save a nice chunk of change on your taxes if you installed an energy star certified, energy-efficient water heater at any in 2014 – right up until midnight on New Year’s Eve.

Wait – what’s so great about “energy tax credits?”

Everyone knows that a tax deduction is dandy and a great thing to have, because it reduces your taxable income; you get to deduct it as an expense. However, a lot of people don’t realize that a tax credit is better – really – it’s a whole lot better than a tax deduction, because a tax credit means you get the dollar-to-dollar reduction. This means that if you did it right and bought the right kind of water heater last year, and you qualify for the whole $500 tax credit – you actually pay $500 less in taxes this year. That’s right. A tax credit lowers your taxes by that amount, whereas a tax deduction just lowers your overall income, which may or may not result in a break on your taxes.
Water Heaters
Ok, I bought a water heater last year – but I don’t know if it qualifies or not – what do I do?

We realize that some of our customers who may have purchases a water heater and had it installed last year may be scratching their heads wondering if they “did it right” and if their water heater qualifies for the tax credit we’re talking about. If you worked with us – chances are – you did. If you didn’t work with us – again, give us a call, and we’ll help you research whether or not the water heater you installed last year qualifies or not.

Not only that – we’ll help you figure out how to file for the energy credit so you can get it in time for tax day!

So give us a call; we’re here to help our customers with all their plumbing-related needs, not just when a toilet backs up. It may be tooting our own horn, but there’s a reason why we’re on Angie’s List, and we got a 4.5 out 5 star rating on Yelp reviews – we know what good service is, and that’s what we give!


Energy Efficient Requirements For Your Water Heater

The price of a new water heater will go up on April 16th

As a plumbing company, the cost of water heaters is something we think about every day. After all, it’s our business, and one of the things we specialize in here at Moon Valley Plumbing. So, while we’re kind of wondering who chose April 16th – income tax day – as a good time to impose the new energy requirements on water heaters that will raise their prices – we’re not going to ask that question – we’ll just tell you to get ready for it – because it’s coming!

If your water heater will need replacing soon – why not buy a new one now & save some money?

Right now it’s impossible to tell exactly how much the prices for water heaters will go up; but it’s going to impact all electric, gas, and oil water heaters, as well as their installation costs. We’re very much into saving our customers some money, so here’s a tip: if your water heater is already about 8 to 10 years old, it’s going to need replacing soon anyway, so why not buy one of the current models now, before the prices go up. You’ll save money on the price, and you won’t have to deal with higher cost of replacing or installing it again for another 10 years.

How are the water heater standards changing – & what does it mean to homeowners & renters?

Here are some things that will be affected and why, and what they will mean to manufactures, builders, and you as a consumer:

More insulation required means changes in size of water heaters, and output

In order to comply with the new federal standards, water heater manufacturers will have to alter their equipment designs to improve the insulation for all water heaters, both gas and electric. This means that water heaters manufactured after April 16th, 2015, will either be significantly bigger, or – if their circumference remains the same – the hot water capacity will decrease by as much as 10%. This will result in higher manufacturing costs, which will be passed on to consumers.

Installation space requirements will increase – water heaters may need to be moved

Current homes have been designed and constructed with smaller spaces for water heaters that fit the current standards. For the new, larger water heaters, those spaces may have to be enlarged, or the water heater may have to be moved to another area if it doesn’t fit. This raises the cost of installation, which will mean that installation costs for water heaters will rise.

Changes will affect buildings with multiple units the most

Apartment complexes & condos will likely be hit the hardest, which will affect renters and the cost of rent. The older floor plans in these buildings don’t have any kind of extra space built in the way stand-alone homes do, so the larger tanks that will be required may not fit, and there’s nowhere else they can be moved. This means that apartment/condo owners may have to switch out their tank water heaters for a tankless water heater system, and that’s a bigger cost up front.

The new water heater standards will save both money & the planet in the long run

Change is never easy, even when it’s positive. And while we want to save our customers money wherever we can, we’re also very much into energy conservation here at Moon Valley Plumbing. So, while we want you to know that even though it’s going to cost a little more money up front, the good news is that the new energy standards for water heaters will mean savings of approximately $63 billion on long-term hot water costs from 2015 through 2044. And the even better news is that – for our planet and our children – these new standards will prevent 172.5 million metric tons of carbon dioxide emissions from being released into the atmosphere. That’s the equivalent of the emissions that 33.8 billion automobiles would put out!

That alone is reason enough to make a change for the better!

Though the new regulations for water heaters will impact the manufactures and builders this year, it’s likely you won’t notice it the way we will at Moon Valley Plumbing, but we wanted you to know anyway. As a matter of fact, if you’re a homeowner, you might not even become aware of it until you find yourself in a cold shower some morning – when that old water heater finally gives out. But no matter what you’re dealing with – a hot water heater that needs fixing, replacing, or upgrading – Moon Valley Plumbing has your back!