Heat Transfer Products - Site Map - Manufacturer of Boilers, Water Heaters, Solar Water Heating Systems and Storage Tanks

Heat Transfer Products - Manufacturer of High Efficiency Boilers, Water Heaters, Solar Water Heating Systems and Storage Tanks

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Tax Credits

Federal Tax Credits

Impact of the American Recovery and Re-investment Act
On February 17, 2009 President Obama signed the American Recovery and Re-investment Act of 2009 into law. With the passage of this new legislation, homeowners who purchase and install a qualifying Heat Transfer boiler or water heater between Jan. 1, 2009 and Dec. 31, 2010 will now be eligible for a tax credit equal to 30% of the full purchase and installation price up to a maximum of $1500. When purchasing a solar water heater you will receive 30 percent off the total, without the limitation of a cap. In addition, many state and local governments and utility companies offer other incentives or rebates which can potentially further reduce the cost of installing energy efficient products.

Tax Credit Amount

30% of the full purchase and installation price up to a
maximum of $1500 on Boilers or Water Heaters.

30% of the full purchase and installation price
without a limitation cap on Solar Water Heaters.

Effective Dates

January 1, 2009 through December 31, 2010.

Qualifying Heat Transfer Boilers and Water Heaters


Boilers	AFUE	BTU Range
Elite		80,000-299,000
Munchkin Contender	93	50,000-120,000
Munchkin	95.1	50,000-299,000
Munchkin VWH	95.1	199,000-299,000
Water Heaters	BTU Range	Gallon Capacity Range
Phoenix	100,000-199,000	55-119
Phoenix Evolution	130,000-199,000	55-119
Phoenix Solar	130,000-199,000	80-119

Guidelines

Water heater must be “placed in service” between January 1, 2009 and December 31, 2010.
(The IRS defines "placed in service" as when the product is ready and available for use.)
Water heater must be installed in or on the taxpayer’s principal residence in the United States.
The tax credit is ONLY available for existing homes.
The maximum amount that a taxpayer may claim for all qualifying energy efficient home improvements including the purchase and installation of a water heater is $1,500 over the lifetime of the credit (2009 & 2010).
Water heaters installed in 2008 are not eligible for the tax credit.

How to Claim Your Tax Credit

Purchase and install a qualifying boiler or water heater between Jan. 1, 2009 – Dec. 31, 2010.
File IRS Form 5695 with your 2009-2010 taxes and consult a tax professional for further details.
Retain your receipt of purchase along with a copy of the Heat Transfer's Certification.
Manufacturer's Certification Statement for Boiler Installations in year 2009-2010
Manufacturer's Certification Statement for Water Heater Installations in year 2009-2010

Frequently Asked Questions?

View questions and answers

Helpful Links For More Information

www.energystar.gov
(ENERGY STAR is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy helping us all save money and protect the environment through energy efficient products and practices.)
www.dsireusa.org
(DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency)
www.aceee.org
(American Council for an Energy-Efficient Economy)

Heat Transfer Products, Inc.
Post Office Box 429
East Freetown, MA 02717
Telephone: (800) 323-9651
Fax: (508) 763-3769

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