Rheem Tax Credit Page

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Click the buttons below to download the Form-5695 and Form-5695 Instructions to earn $1000-3000 in tax credit.

Form 5695    Form 5695 Instructions

residential water heater market projections graph. Hybrid HPWH will drive long term growth.

 

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Inflation Reduction Act of 2022

Federal Tax Credit Update Rheem WHD

The Inflation Reduction Act of 2022 (IRA) is a series of home energy programs featuring efficiency and electrification tax credits and rebates. Beginning 2023, the expanded version of 25C, now called the Energy Efficient Home Improvement Tax Credit (under the Inflation Reduction Act of 2022), will provide up to $2,000 in tax credits for qualified high efficiency water heaters as well as credits for electrical upgrades.

Unlike the existing program, the expanded 25C tax credit has generous annual limits (not lifetime limits), meaning that the same customer could receive the credit for qualified energy efficient upgrades annually. This expansion will extend the program out to 2032.

 

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