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Tax Credit Consulting: Tankless Heater Tax Credit Gorham ME

The tankless heater is pretty much what the name suggests. It is a water heater without a tank. It uses a lot of energy in short bursts to heat water running through pipes when you really need it.

Michael John DellOlio (RFC®), JD, MBA
(207) 294-0401
16 Middle Street
Saco, ME
Company
Michael J. DellOlio & Associates, L.L.C.
Qualifications
Education: B.S.,MBA,J.D.,NASD Series 6,7,24,63,65; Maine Insurance License
Years of Experience: 24
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, BuySell, Compensation Plans

Data Provided by:
Scott Associates
(207) 772-0441
12 Revere St
Portland, ME
 
Liberty Tax Service
(207) 828-4829
694 Forest Ave
Portland, ME
 
H & R Block
(207) 775-1972
400 Maine Mall Rd
Portland, ME
 
Brown Barry J
(207) 879-7000
22 Free St Ste 301
Portland, ME
 
H & R Block
(207) 773-0221
252 Saint John St
Portland, ME
 
Johnson Virginia M
(207) 772-2322
686 Brighton Ave
Portland, ME
 
Jackson Hewitt
(207) 899-1540
34 Atlantic Pl
Portland, ME
 
Austin Associates PA CPA
(207) 892-6642
183 Us Route 1
Portland, ME
 
H&R Block
(207) 541-1981
629 FOREST AVE
PORTLAND, ME

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Tax Credit Consulting: Tankless Heater Tax Credit

Tankless Heater Tax Credit

Going green has never been so financially positive. The tankless heater tax credit is another example of how reducing your carbon footprint and utility bill can really pay.

What is a tankless heater? Well, go for a stroll around your house. You'll eventually find a device that looks like a small, but fat, missile of some sort. It is usually in the garage, but can be in a closet space if your architect was an idiot. Regardless, that is your water heater. It holds a lot of water as you can see. It constantly is popping on and off as it tries to keep that water at a set hot temperature. This is extremely inefficient and runs your utility bill up to say the least.

The tankless heater is pretty much what the name suggests. It is a water heater without a tank. It uses a lot of energy in short bursts to heat water running through pipes when you really need it. This is still a net energy savings, however, as you don't have the energy waste of a heat continually trying to keep a tank warm. Imagine how cold it gets in your garage and you can get a better idea of how often that heater is coming on.

The new approach makes sense in many ways. Getting people motivated to change to it is a bit more difficult. To give us a prod or two, Congress passed The American Recovery and Reinvestment Act. This is better known as the Stimulus Bill. This bill terminated the $300 tax credit that had been with us for years. Don't fret, it replaced it with something better....

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