The tech costs more than conventional options upfront, but federal tax credits, new 120V models and strong savings have made them more appealing than ever.
There’s a federal tax credit worth 2k for HPWH. I’m not aware of any Ohio specific subsidies, although there are programs coming through the IRA that are run through the states and will offer more incentives.
The tax credit is 30% of the total project price, up to $2k. If the HPWH is over double the cost of NG, you’re still paying quite a bit more even with the tax credit.
There’s a federal tax credit worth 2k for HPWH. I’m not aware of any Ohio specific subsidies, although there are programs coming through the IRA that are run through the states and will offer more incentives.
Up to* $2k. Just for the sake of clarity.
The tax credit is 30% of the total project price, up to $2k. If the HPWH is over double the cost of NG, you’re still paying quite a bit more even with the tax credit.