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Lots of people have an old clunking water heater, but not many know that they can save up to $1,500 on the installation of a tankless water heater. At Gem Plumbing & Heating, we have decided to give you $500 for your old clunker if you upgrade to an efficient system. You will also be eligible for large utility rebates, state tax credits and the federal tax credit of 30% up to $1,500!
Call our Energy Efficiency Experts™ at (401)272-9111 for more information about Cash for Clunkers™ for Your Home.
Gem Plumbing Rebate
Improve the energy efficiency of your old system and we will give you up to $500 off the price.
Utility Rebate
GasNetworks companies, like National Grid and NSTAR, are providing customers with big rebates. Tankless water heaters with an Energy Factor (EF) of .82 or better are eligible for a $300 rebate. Tank type water heaters with an EF of .62 or better are eligible for a $50 rebate. Indirect water heaters connected with an Energy Star boiler may also be eligible for a $300 rebate.
Federal Tax Credit
Water heaters with an Energy Factor of .82 or a thermal efficiency of 90% or better are eligible for a 30% federal tax credit limited to $1,500. Electric water heaters must be rated at a 2.00 Energy Factor.
Summary Chart
Here is a helpful chart if you are thinking about installing a tankless water heater with an Energy Factor of .82 or better.
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GasNetworks
Residents |
Other
Residents |
Gem Rebate |
$500
Rebate |
$500
Rebate |
Utility Rebate |
$300
Rebate |
- |
Federal Rebate |
30% up to $1,500
Tax Credit |
30% up to $1,500
Tax Credit |
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