Unlock Savings with Federal Tax Credits for Your Energy-Efficient Plumbing Upgrades!
Investing in new, energy-efficient and water-saving plumbing solutions not only enhances your home’s functionality but can also put money back in your pocket! Thanks to updated federal tax credits, upgrading your water heater or other key plumbing components could qualify you for significant savings. At Around The Clock, we’re here to help you navigate these opportunities and maximize your benefits.
Your Potential Savings:
- Heat pump water heaters: Install a qualifying energy-efficient heat pump water heater and receive a tax credit for 30% of the cost, up to $2,000. This is a fantastic way to enjoy superior hot water efficiency while saving big!
- Other energy-efficient water heaters & qualified plumbing improvements: You can also claim a tax credit for other qualified energy-efficient home improvements, including high-efficiency tankless water heaters and certain water-saving fixtures or pipe insulation. These upgrades can combine for a credit of up to $1,200 in the same tax year! (Specific limits apply per item, e.g., up to $600 for a qualified water heater).
How to Qualify & Claim Your Credit:
To be eligible, your new plumbing equipment must meet specific energy efficiency or water-saving standards, often indicated by an ENERGY STAR or WaterSense certification. These credits are managed by the U.S. Internal Revenue Service (IRS) and claimed when you file your federal income taxes using IRS Form 5695.
Important Note for 2025 and Beyond: Starting in 2025, manufacturers of eligible products will provide a unique four-digit QM code. For installations in 2025, including this code on your tax return will be sufficient to help verify your claim.
Ready to Save and Boost Your Comfort?
Let Around The Clock help you choose the perfect energy-efficient water heater or other qualifying plumbing solution for your home. We’ll ensure your new system meets the necessary qualifications for these valuable federal tax credits.
Contact us today to explore eligible systems and discover how much you can save! (We recommend consulting with a qualified tax professional for personalized tax advice.)
Around The Clock Plumbing provides this information for general guidance only. We are not tax advisors, and this content should not be considered tax advice. Eligibility for tax credits, rebates, or incentives depends on various factors, including your individual tax situation, program availability, and specific product qualifications. We strongly recommend consulting with a qualified tax professional or the relevant government/utility agency to confirm eligibility and obtain the most current and accurate information.
