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Water Heaters
You can get a credit on your Oregon income taxes for purchasing premium efficiency water heaters, solar water heaters, and wastewater heat recovery systems.
Eligible models are included on the Oregon Department of Energy list of qualifying systems. We update these lists as qualifying equipment comes on the market.
The tax credit is based on the amount of energy saved above standard models. The tax credit is the amount noted on the list of qualifying equipment or 25 percent of the net purchase price of the equipment (not including labor), whichever is less.
To qualify for a tax credit, you must have an Oregon income tax liability. If you do not have an Oregon income tax liability, you may choose to transfer your tax credit to an individual who does. This is done by checking the Pass-through Option section on the application form. More information is on the form.
The equipment must be located in an Oregon dwelling that is your primary or secondary residence to qualify for a tax credit.
Important: Applications for tax credits must be received by the Oregon Department of Energy no later than April 1 of the year following the purchase, even if the tax credit is carried forward. The maximum amount of tax credits a resident may receive per year is $1,000 from the appliance portion of the program.
Water Heaters Only premium efficiency water heaters are eligible for a tax credit. The premium efficiency water heaters are tankless water heaters (also called instantaneous, on-demand or point-of-use), heat pump water heaters and combination ("combo") space and water heating systems (see discussion below). Conventional tank-type water heaters are not efficient enough to qualify for a tax credit.
Qualifying tankless water heaters must have a minimum energy efficiency rating of 80 percent. In comparison, a tank gas water heater in the typical home is only 55 percent energy efficient. This means the average homeowner will save about 40 percent of their annual energy used for domestic hot water by installing a qualifying tankless water heater.
Wastewater Heat Recovery Wastewater heat recovery systems use the heat from shower water to cut energy use for water heating by 8 to 12 percent. Qualifying models are eligible for a tax credit or $80 to $120 depending on energy savings, not to exceed 25 percent of the cost. You need to have access to at least 5 feet of vertical drainpipe from the shower or on the main water drain. You can install the system yourself or hire a plumber. The cost of other installation components are also eligible.
"Combo" Space and Water Heating Systems Premium efficiency combination ("combo") space and water heating systems consist of a condensing water heater that serves hot water needs and warms supply air for space heating (providing hot water to a coil in an air handler, baseboard heaters or in-floor radiant heat).
The tax credit for combo systems can be done on the basis of the efficiency of the water heater. The tax credit is the amount listed for qualifying water heater models or 25 percent of the purchase price, whichever is less. Qualifying combo space and water heaters, instructions and the applications form can be found under the heading on the right-hand column "Water Heaters and Wastewater Heat Recovery Systems." The other tax credit choice if the combo system has an Annual Fuel Utilization Efficiency (AFUE) or 90 percent or better and the air handler has an electronically commutated motor, is that the resident can take the $350 tax credit for the condensing furnace instead of the tax credit for the water heater. The application form and instructions for condensing furnaces can be found on the Heating, Ventilation and Air Conditioning page. A tax credit cannot be issued for both.
Solar Water Heating You can get a tax credit of up to $1,500 for buying a solar water heating system for your home. Oregon´s certified solar contractors can pre-approve your tax credit. Be sure to get an OG300-certified system that meets the Oregon Solar Energy Industry Association tank standard.
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