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A. O. Smith
Tax Credit Changes in Stimulus Package Affect High Efficiency Water Heaters
March 27th, 2009
New tax credit changes in The American Recovery and Reinvestment Act of 2009 affect A. O. Smith water heating products. Under the revised law, the previous tax credit of $300 has been converted to 30 percent of the total installed cost, including labor, with a cap of $1,500 through 2010. For water heaters installed from Jan. 1, 2009 through Feb. 16, 2009, the water heater must have at least a .80 Energy Factor (EF) rating or 90 percent thermal efficiency to qualify for the latest tax credit. Beginning on Feb., 17, the water heater must have at least a .82 Energy Factor (EF) rating or 90 percent thermal efficiency to qualify. The credit is subject to a combined $1500...
Source: Health Business Week (2009-03-27)
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