The Obama administration is moving forward with helping people not only become more environmentally friendly, but also helping citizens save money while they revamp their homes. The American Recovery and Reinvesment Act of 2009 has been extended until the end of 2010. This enables even more Americans to enjoy a technology that is better for their wallets and the environment- tankless water heaters.

The advantage of tankless water heaters over conventional heaters is that they don’t maintain a large heated tank of water. An enormous amount of energy is lost every year by keeping hot water ready at all times. This is the same as keeping the lights on 24/7, but instead of a 60-watt bulb, it’s hundreds of gallons of hot water. The tankless versions save energy by warming an electric coil around water pipes right before it passes through the faucet. By producing hot water only on demand, energy (and therefore money) is saved.

The discount available is a tax credit for 2010 fiscal of 30% of the cost up to $1500, including installation. The unit must be installed and running by December 31, 2010. Not only do you get this tax credit, but the unit will also save you an average of $175 a year. Larger households will save even more. Everything you need to know about claiming your heater properly is available here.

At PlumbTile, we feel this is a new technology that deserves all the attention it can get. We stock a wide range of tankless heaters, whether it’s just for one room or for the whole house. Rheem is noted for having a water heating system that can handle heating multiple hot water outputs at the same time. This means being able to run a sink for washing dishes while someone takes a shower simultaneously. Rinnai is known to have smaller models that are perfect for additions to a house or singular bathrooms. If you’re not sure what is best for you, feel free to contact us. Our staff is more than willing to help you figure out which tankless water heater is best for you.

As always, you can find all of these products we’ve mentioned and more at PlumbTile.