Remodel & Renovate in 03301>Question Details

Glen, Other/Just Looking in Hopkinton, NH

I just installed a oil fired Toyotomi tankless hot water heater. This is a 90% efficient unit. Is it eligible for the tax credit?

Asked by Glen, Hopkinton, NH Fri Feb 12, 2010

Help the community by answering this question:


Hi Glen- I believe so. Check IRS Form # 5695. That was the 2009 form. Not sure if they've updated it.

Seems like your WH at 90% efficiency is eligible. Not sure if you get a 30% tax credit off the installed cost or what; check the instructions on the form.

If I can be of any other help, please let me know. Thanks,

Ken L.
0 votes Thank Flag Link Thu Feb 18, 2010
Hmm... I have one too (installed in late March) but it looks like IRS gives rebates only to natural gas powered ater heaters. Maybe they don't know that oil-fired ones exist... Check, they have complete isting of systems.
0 votes Thank Flag Link Mon Apr 12, 2010
I love these types of systems ! can't wait to update mine.

Ask your CPA who has all your records who can determine all particulars if you can take a write off

There could be some guidelines as Realtor we not familiar with or professional truly render an opinion

Web Reference:
0 votes Thank Flag Link Thu Feb 18, 2010
Conserve energy and save some of your tax dollars; you’ve got until the end of the year to get an energy-efficiency tax credit of 30%, up to $1500, if you purchase “qualifying” windows, doors, water heaters, insulation, heating and air conditioning equipment—also putting in a new roof on your primary residence qualifies for the credit.

Uncle Sam is also giving away a 30% tax credit, renewable through 2016, of the cost to buy and install a geothermal heat pump, a windmill (residential wind turbine) or a solar energy system (including a solar powered water heater).

There are also rebate programs, which vary by state for replacing old appliances with Energy Star models ($50 to $250), as well as incentives (rewards) for recycling old models. These programs will be in place by April 2010 (see:

As always, consult with your tax professional.
0 votes Thank Flag Link Fri Feb 12, 2010
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