The federal government is offering up to $1,500 in tax credits – credits, not deductions – for the purchase and installation of a tankless hot water heating system through the end of 2010, and most utility companies have rebates too
Denver, CO (PRWEB) April 24, 2010
Colorado consumers eager to cash in on energy-efficient rebates from the Governor’s Energy Office clogged phone lines and the internet on the program’s first day April 19, and those lucky enough to register locked up the entire rebate allocation for tankless hot water heaters in a matter of hours.
The oversubscription on $300 tankless hot water heater rebates put the public spotlight on one of the most energy-efficient and energy-saving home appliances on the market, says Steve Jusseaume, owner of Benjamin Franklin Plumbing of Denver, but he notes that significant incentives to upgrade to tankless technology are still in place.
“The federal government is offering up to $1,500 in tax credits – credits, not deductions – for the purchase and installation of a tankless hot water heating system through the end of 2010, and most utility companies have rebates too,” Jusseaume notes. “But the real advantage in tankless hot water heaters is endless hot water for every need in your home at a fraction of the energy cost of a traditional hot water heater.”
Ben Franklin Plumbing of Denver, through its affiliation with the Number One plumbing residential franchise operation in America, Benjamin Franklin Plumbing, is an exclusive distributor of GoHOT tankless hot water heaters. Jusseaume explains that the GoHOT appliances heat water on demand, supplying an endless supply of fresh hot water to every appliance and fixture in the home even if they are all in operation at once.
In addition to endless hot water, tankless hot water heating systems are compact in design and can be mounted to a wall inside or outside of the home. Also, GoHOT tankless hot water heaters are rated at an energy efficiency of 83% to over 90%, compared to just 60% from traditional tank hot water heaters, which adds up to significant savings on utility bills. Indeed, Xcel Energy, the main utility provider for the Denver Metro area, offers a $100 energy bill rebate to any Colorado customer installing a tankless hot water heater in recognition of its energy-saving attributes.
“Certainly the tax credits and the energy-efficiency rebates have raised awareness for tankless hot water heaters, but to be honest we’re installing more and more of our GoHOT systems all the time because people truly want to greatly improve the delivery of hot water in their home and save energy,” says Ben Franklin’s Jusseaume.
The Governor’s Energy Office Recharge Colorado program has $18 million available for consumer rebates on certain home appliances and home improvements, and there are funds allocated to different categories that will be distributed until the money is claimed. Under the program, for instance, the GEO set aside enough money for a $75 rebate on a qualifying clothes washer, with a limit of 4,000 units in that category, and up to $100 for a refrigerator, with 6,000 rebates allocated. The state set a limit of 500, $300 rebates for tankless hot water heaters. For more information on the program, to claim a rebate or to be placed on a waiting list for oversubscribed categories with unfulfilled reservations, visit the Recharge Colorado website at http://rechargecolorado.com.
For information on the federal government tax credits for energy-efficient appliances and home improvements visit http://www.energystar.gov/index.cfm?c=products.pr_tax_credits for full details. For energy bill rebates offered by Xcel Energy in Colorado visit http://www.xcelenergy.com/COLORADO/RESIDENTIAL/PROGRAMS_RESOURCES/HEATINGANDCOOLINGREBATES/Pages/WaterHeaterRebates.aspx.
Ben Franklin Plumbing of Denver personnel also have full details on all these tax credit and rebates and can assist customers in making claims and filing the necessary paperwork.
Benjamin Franklin Plumbing of Denver has been family owned since its founding in the Denver Metro area in 1978, first as Deer Creek Plumbing and, since 2005, under the Ben Franklin banner. The firm offers complete residential plumbing services, including leak repairs, remodeling upgrades, home inspections, sewer service and many more core capabilities, with licensed plumbers. For more information and to schedule a guaranteed appointment call 1-866-PUNCTUAL (866-786-2882), 303-340-3400 or visit http://www.benfranklinplumbingdenver.com/.