105 replies to this topic

[positiveContact]

looks like I could probably get $2k in tax credits for the water heater.

 

is that 30% on solar only rooftop solar?  why would ground based not count???

[BrewerGeorge]

Try this one:

https://www.rewiring.../ira-calculator

 

It depends on how much money you make - if you're top-hat-and-monocle material you get less than teh poors

That says the same thing:  30% of project cost, with max rebate of $2000.

[Vagus]

Toss the indoor hot water bullshit and install a sauna. 

[Enid Puceflange]

looks like I could probably get $2k in tax credits for the water heater.

 

is that 30% on solar only rooftop solar?  why would ground based not count???

All residential PV solar counts - that program has been going on for years now. 

[BrewerGeorge]

looks like I could probably get $2k in tax credits for the water heater....

As I understand it - just based on reading as a result of this thread - that is the max payout for the 30% payment rate.

 

FWIW, I would LOVE to be proven wrong on that interpretation, but unless you make less than 50% of the mean AGI in your geographic area I think that's it.

[SnowMan]

Check your local electric company too. 

 

Mine will give you $500 towards a Heat Pump Water Heater.  https://www.seiremc....terheaterrebate

 

 

So say it costs $2000 to install one (I'm totally pulling that out of the air... but it seems reasonable)

 

30% tax credit is ~$600.  $500 from the utility... I bet it's getting to be damn close to the same price as a resistance unit or gas unit. 

[positiveContact]

As I understand it - just based on reading as a result of this thread - that is the max payout for the 30% payment rate.

FWIW, I would LOVE to be proven wrong on that interpretation, but unless you make less than 50% of the mean AGI in your geographic area I think that's it.

Yeah, I might have read that wrong...

 

eta: yeup.  I had to click on "more info" to see the 30% part.

 

so enid, where is my free hot water heater!!!???

Edited by postSingularityHumanoid, 25 January 2023 - 02:34 PM.

[positiveContact]

why is an electrical panel upgrade desirable from the gov't perspective?  the only panel upgrade I'd make would be in relation to getting solar installed or something like that.

[TonyBrown]

Check your local electric company too. 

 

Mine will give you $500 towards a Heat Pump Water Heater.  https://www.seiremc....terheaterrebate

 

 

So say it costs $2000 to install one (I'm totally pulling that out of the air... but it seems reasonable)

 

30% tax credit is ~$600.  $500 from the utility... I bet it's getting to be damn close to the same price as a resistance unit or gas unit. 

they give us a $650 to convert to a hybrid if you are converting from gas.  going from electric to hybrid there is no rebate.  so for my place it makes more sense to just buy a replacement.

[SnowMan]

why is an electrical panel upgrade desirable from the gov't perspective?  the only panel upgrade I'd make would be in relation to getting solar installed or something like that.

 

It makes the house ready for solar, electric car, etc in the future I guess?

 

Maybe also a safety aspect?  Panels do wear out, and I've seen some super janky, old stuff out there. 

[Kaboom]

Bought my heat pump water heater on Jan 1.  It was the first day eligible for the 30% tax credit and it was on sale from Homedepot.  It was roughly $2500 for the Rheem Proterra water heater, plus $300 for all the materials to install it. I did the install myself.  I'll get back $840 from the feds on next years taxes and $500 from my local utility.  Net cost is $1460.

 

I swapped out a standard electric, so it's supposed to save me like $400 each year on my electric bill.  So I have a 4 year return on investment on a 10 year warranty water heater.  Aside from some wonkiness in the Rheem app, it seems pretty good so far.  

[positiveContact]

Bought my heat pump water heater on Jan 1.  It was the first day eligible for the 30% tax credit and it was on sale from Homedepot.  It was roughly $2500 for the Rheem Proterra water heater, plus $300 for all the materials to install it. I did the install myself.  I'll get back $840 from the feds on next years taxes and $500 from my local utility.  Net cost is $1460.

 

I swapped out a standard electric, so it's supposed to save me like $400 each year on my electric bill.  So I have a 4 year return on investment on a 10 year warranty water heater.  Aside from some wonkiness in the Rheem app, it seems pretty good so far.  

 

that seems like a no brainer but swapping out for someone like me that has a natural gas water heater.... I dunno.

Edited by postSingularityHumanoid, 25 January 2023 - 05:43 PM.

[dondewey]

If you don't change the anode then yeah, 10 years is about right.

Tankless at 10 years has had a good run

So yeah, if you're in the market for a water heater you'd be crazy not to seriously consider a heat pump unit because Uncle Joe will essentially buy it for you

Also heat pumps for hvac. Ours will be 11 years old. Some sources say that under your area's median income it's fully covered to $8k. Up to 150% it's half covered. Others have a $2k tax credit. What's the real deal?

I needed a new water heater in November. Wanted to get a heat pump, but the ones available were literally 4x the price of a regular electric one. I cheaped out.

[positiveContact]

When my regular AC units die I can replace with heat pumps right?

[Enid Puceflange]

why is an electrical panel upgrade desirable from the gov't perspective?  the only panel upgrade I'd make would be in relation to getting solar installed or something like that.

In the Northeast and on the West Coast electrical panels are generally lower capacity - 100A is typical - since the heat source is gas or oil. The electrical upgrade is to allow replacement of gas and oil fired water heaters

[positiveContact]

In the Northeast and on the West Coast electrical panels are generally lower capacity - 100A is typical - since the heat source is gas or oil. The electrical upgrade is to allow replacement of gas and oil fired water heaters

 

ah.  my panel is pretty new and I'm pretty sure it's 200A (can't remember honestly).

[Stains_not_here_man]

My panels are 100A (but I have two)

[HVB]

ah.  my panel is pretty new and I'm pretty sure it's 200A (can't remember honestly).

I would assume it is.  When I worked the Distro side 200 amp was common and 4-600amp was also becoming common for large houses. I do not remember much new construction under 200 amp.  I would agree that  most of the older homes were usually under 200 amp, some being as low as 60 amp.

[positiveContact]

what's the right metric for comparing operating costs of different kind of hot water heaters?

 

I believe I pay $0.70/therm for natural gas

 

My electricity is about $0.24/kwh but I think it is about to drop to about $0.21/kwh.

 

 

So how do I compare a conventional gas hot water heater with one of these heat pump systems in terms of operating cost?  I could look at the summer months to get a pretty good idea about how much gas I use just for hot water.  In the winter I also use gas to heat the house so that would muddy things up. 

[SnowMan]

Any house built or panel renovated in the last 40 years around here is a 200A panel. When we built, we put in a 400A transformer.  200A to the house, 200A to the pole barn.  

 

The rental we stayed in while we were building had a 60A fuse box.  And some geinus put the washer, dryer and dishwasher on one circuit.  SWMBO popped that one quite a few times!