Making the Most of the Water Heater Tax Credit

MEMPHIS, Tenn., April 27 /PRNewswire/ -- As the midway point of 2010 approaches, ARS/Rescue Rooter®, a privately held, nationwide provider of air conditioning, heating and plumbing, is reminding homeowners that now is the time to take advantage of the water heater tax credit available through the American Recovery and Reinvestment Act of 2009.

As part of the act, which was originally set to expire on Dec. 31, 2010, homeowners who buy and install an energy-efficient water heater may receive a tax credit of up $1,500. But before homeowners purchase a new water heater, there are some important facts to consider.

• The act does not provide tax credits for all water heaters. Only certain models of ENERGY STAR qualified water heaters are eligible.
• To receive the water heater tax credit, homeowners must install the water heater in their primary residence no later than Dec. 31, 2010.
• The water heater must be installed in an existing home. Improvements to new construction do not qualify.

Details related to tax credits for water heaters have undergone several revisions, so before purchasing a water heater, ARS/Rescue Rooter advises consumers to check EnergyStar.gov to ensure they've selected a qualifying model.

For additional information about water heater tax credits and the services available at ARS/Rescue Rooter, visit ARS.com.

About ARS/Rescue Rooter

ARS and Rescue Rooter are leading brands of American Residential Services L.L.C., providing air conditioning, heating, indoor air quality, plumbing, drain cleaning and sewer line services across the United States. Based in Memphis, Tenn., American Residential Services L.L.C. has approximately 4,000 employees.

ARS/Rescue Rooter operates a network of more than 60 company operated, locally managed service locations spanning 24 states and the District of Columbia.  United by exceptional service, the ARS/Rescue Rooter Network serves both residential and light commercial customers through a knowledgeable team of trained specialists.  Providing elevated service and ensuring the highest standards of quality, ARS/Rescue Rooter has the experience to do any job right – the first time.

The company is growing nationwide, both naturally and through acquisitions, with recent acquisitions including: Air-Trol Heating and Air Conditioning of Indianapolis; Atlanta-based Universal Heating and Cooling; Heating and Air Conditioning Services of Boston; and 24/7 Service Corporation of Las Vegas, which operates Yes! Air Conditioning, Yes! Plumbing and Sunset Sheet Metal & Air Conditioning.

American Residential Services L.L.C. is owned by CI Capital Partners LLC, Royal Palm Capital Partners Inc., and management.  CI Capital Partners LLC, www.cicapllc.com, is a New York-based private equity firm.  Royal Palm Capital Partners Inc., www.rpcp.com, is a private equity investment and management firm and, through its affiliates, the owner of publicly and privately held companies. 

SOURCE ARS/Rescue Rooter