Homeowners, you now qualify for a federal tax credit up to $1,500 for installing any model in Paloma's Digital Tankless Line in your principal residence. This is because all of Paloma's Digital Tankless heaters meet the rigorous rules for a high-efficiency water heater under the Department of Energy standards.

On February 17, 2009, President Obama made important changes to the homeowner tax credits for specified energy-efficient home improvements. These include qualified tankless water heaters (tankless water heaters with an EF rating of 0.82 or better). Two of the more significant revisions to this include the extension of the tax credit through 2010 and the increase of the total available tax credit from 10% to 30%.

Homeowners that purchase a qualified Rheem tankless water heater between January 1, 2009 and December 31, 2010 are now eligible for a tax credit equal to 30% of the full purchase and installation price with a cap of $1,500.00.

How Do I Claim My Credit?
Purchase and install a Paloma qualified tankless water heater. For a list of qualified models, click here and print out a copy of the Manufacturerís Certification Statement. You will included this when you file your 2009 taxes. You will use IRS Form 5695 (2009 version). For more information, please consult your tax professional.