Which Water Heater Is Right for Your Home?

Which Water Heater Is Right for Your Home? STATS ON YOUR WATER SUPPLY 11% sinks 37% shower HOT 12% bath WATER USE 14% dishwashing 26% laundry 10-50%: Savings offered by energy-efficient models over minimum standards ENERGY-EFFICIENT ENERGY-EFFICIENT TANK HEATER TANKLESS HEATER Heats and stores hot water ready for use Large coil instantly heats water on demand FUNCTION · Electricity • il • Gas • Propane · Electricity · Gas FUEL 10-20% 45-60% ENERGY SAVINGS $1,200 – $1,600 (30-50 gallons) $3,000 - $4,500 INITIAL COST $500 $1,800 LIFETIME ENERGY SAVINGS 8-10 years 20 years EXPECTED LIFESPAN Small, 20-80 gallon tank with unit wall-mounted unit SIZE • Those willing to • Those looking for low up-front cost invest more for long-term savings • Households that use a lot • Households that prioritize sustainable living of hot water at once IDEAL FOR CUT COSTS WITH FEDERAL TAX CREDIT OFFERED: AMOUNT: YEAR YEAR $300 2012 2013 REQUIREMENTS: Water heater installation in existing home that is taxpayer's principal residence Excludes solar water heaters Gas, oil, or propane water heaters Electric heat pump water heaters Energy Factor 2 0.82 or Thermal Efficiency 2 90% Energy Factor > 2.0 HOW TO REDEEM: Save receipt and Manufacturer's Certification Statement Submit IRS Form 5695 by April 15, 2014 APRIL 15th Record information from Form 5695 on Form 1040, line 52 Infographic provided by: www.albertnahmanplumbingca.com Albert Nahman PLUMBING & HEATING Sources: http://energy.gov/energysaver/articles/storage-water-heaters http://www.energystar.gov/ia/new_homes/features/WaterHtrs_062906.pdf?51a2-383e http://www.energystar.gov/index.cfm?c=tax_eredits.tx_index