Upgrading to a Noritz tankless water heater can net you plenty of benefits, like lower gas bills and endless hot water. But for some, recouping some of their initial investment is still a top priority. Luckily, rebates and federal tax credits are in place to help new Noritz tankless water heater owners do just that.
For over 15 years, Monkey Wrench Plumbing, Heating & Air has been installing tankless water heaters in homes across Los Angeles County and its surrounding areas. In that time, we’ve helped plenty of homeowners secure their rebates and tax credits after installing a tankless water heater.
In this article, we’ll touch on how to file a rebate for Noritz tankless water heaters and how to apply for federal tax credits, as well as what Noritz models qualify for rebates and credits. With this information, you’ll be able to file for a rebate and/or tax credit with ease, saving you time and money in the long run.
What Tankless Water Heater Qualifies for a Tax Credit?
Checking to see if your tankless water heater qualifies for a tax credit on a government site can get confusing. Let’s focus in on the key information provided by the IRS regarding residential energy-efficient property credit.
Tankless water heaters qualify for a tax credit, according to the IRS, because they fall under “any item of energy-efficient building property.”
The federal tax credit in 2022 was $300. In 2023, the Energy Efficient Home Improvement Tax Credit, under the Inflation Reduction Act of 2022, dictates that certain high-efficiency models qualify for a tax credit of up to 30% of the cost of the tankless water heater and installation up to $600. This extension effectively doubles the potential savings compared to the previous year.
How Do Tankless Water Heaters Qualify for Rebate Tiers?
The Department of Energy tests tankless water heaters in real-life conditions to determine efficiency. From here, the tankless water heater or heaters are given a rating called a Uniform Energy Factor (UEF) rating.
A tankless water heater with a UEF rating of 0.95 or higher and Energy Star certification will net you the maximum rebate amount of $1,000. A UEF rating of 0.87 to 0.94 with Energy Star certification qualifies for $800, while a UEF rating of 0.82 to 0.86 nets an $80 rebate.
On April 1, 2023, the rebate for tankless water heaters rated between 0.82 and 0.86 UEF will drop to $80 from $600 for units purchased after April 1.
Noritz Tankless Water Heaters Qualifying for Rebate
Not every tankless water heater is created equal, and that also goes for Noritz’s products. There are three rebate tiers for high-efficiency tankless water heaters.
The most efficient tier will garner the maximum $1,000 rebate. There aren’t as many models in this tier as in the mid-tier, but these models are some of the more popular options. Looking at the mid-tier options, these Noritz tankless water heaters will earn you $800 back in rebates. Rounding out the list is the lower tier, which earns homeowners $80 back.
Let’s break things down tier by tier, model by model, per SoCal Gas’s criteria. This list may change over time due to alterations in rebate policies.
$1,000 Noritz Tankless Water Heater Models
- EZ98
- EZ111
- EZTR50
- EZTR75
- NRCR92
- NRCR111
$800 Noritz Tankless Water Heater Models
- EZTR40
- NRC71
- NRC98
- NRC111
- NRC66
- NRCP98
- NRCP111
$80 Noritz Tankless Water Heater Models
- NR98
- NR83
- NR66
- NR50
- NC199
How to Apply for Los Angeles Tankless Water Heater Rebates
Applying for a Noritz tankless water heater rebate is simpler than it sounds. In just a few steps, you can be on your way to netting yourself up to $1,000 in rebates and up to $600 in federal tax credits. Just follow the below process to secure a return on your investment.
How to secure your Noritz tankless water heater rebate:
- Upgrade to a high-efficiency Noritz tankless water heater.
- These rebates are only available for those upgrading to a tankless water heater for the first time.
- Be sure you purchase your Noritz tankless water heater by December 31, 2024.
- Keep all of your receipts and invoices with dates so you can have the required documentation if needed.
- Apply for a rebate on the SoCal Gas website here.
- Long Beach residents must follow a slightly different process and apply here.
- Submit your tankless water heater information and tax credit form while filing your taxes to apply for the maximum return.
After filing for the rebate, you should expect a check in about four to eight weeks. If your application is denied due to incorrect information, you’ll have to resubmit and wait for another four to eight weeks.
Following the above process could net you over $1,000 in rebates and tax credits, meaning more money back in your pocket.
Up to Speed on Noritz Tankless Water Heater Rebates
We’ve touched on the rebate process, what qualifies tankless water heaters for tax credits and rebates, as well as which models qualify. Now, you can go forth and conquer when it comes to all things tankless water heater rebates and tax credits. With the most recent changes to the federal tax credit rates, this coming year is a prime time to upgrade.
After 15 years of installing tankless water heaters in Los Angeles County and the surrounding areas, we’ve seen hundreds of homeowners save money come tax season and also get some return on their initial investment. If you’re interested in doing the same, reach out using our tankless water heater service page or one of the buttons below.
If you’re upgrading to a tankless water heater for the first time or just want to know a bit more about them before taking the plunge, download our Ultimate Guide to Tankless Water Heaters to help guide you to the best decision for your home. For those who want to know more about Noritz overall, read our full brand review here or download our Noritz Tankless Water Heater Guide to see how the company stacks up in the space.
