Homeowners trying to cut their tax bills might need to rethink their water heaters. A recently signed law permits individuals to take as much as a $300 tax credit if they use a tank-less water heater in their house.

The new tax credit is meant to encourage US residents to better manage their power consumption through the use of much more efficient technology. Switching to this kind of technology carries the added benefit of decreasing power bills overall even after the tax credit has expired.

When it comes to water heaters, that means utilizing models that supply a continuous supply of water while lowering energy use.

For example, Bradford White Ever Hot tank-less water heaters use powerful technology to provide hot water instantly. The water heaters use a number of modulating fuel burners that only run when there's a demand for heated water.

The Energy Factor (EF) of the heaters ranges from 82 to 87- amply above the new energy bill's minimum tax credit-qualifying requirement of 80.

"Tank-less water-heating technology may not be the most effective option in all water-heating applications," stated Bruce Carnevale, vice president of sales at Bradford White Corporation.

"However, current improvements in tank-less water heating designs have made them an important alternative to the energy-conscious consumer. One of the barriers to consumer approval of tank-less water heaters has been their high initial price, compared to standard tank-type water heaters. But the $300 tax credit may help to decrease the price differential."

Additional tax benefits exist for home builders who use the new technologies. So, if you are an individual thinking about new Eco-friendly technology, the scalar energy pendant is the perfect product to invest in. Most scalar energy pendants are used to boost energy in food and individuals, but the scalar pendant may also be used to improve the efficiency of your refrigerator.

There are also benefits for commercial applications, no matter if the building is totally new or under renovation. The tax credit may run through Dec. 31.

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