Your Product Savings Report
Rheem IKONIC® Super High Efficiency Tankless Gas Water Heater
IKONIC tankless gas water heaters deliver up to 4 times the hot water per hour of standard water heaters1 —while reducing energy use up to 36%2. You also save in the form of available tax credits and local incentives. Plus, models with built-in recirculation save up to 12,000 gallons of water being wasted down the drain annually.3
- Reduces energy use and carbon footprint up to 36%
- ENERGY STAR® certified
- Qualifies for tax credits and available local incentives
AVAILABLE HOMEOWNER INCENTIVES
Federal Tax Credit - Water Heater
- Effective January 1, 2023, through December 31, 2032
- Federal Tax Credit Claim Form
- 30% of project cost (up to $600)
- Any combination of heat pumps, heat pump water heaters and biomass stoves/boilers are subject to an annual total limit of $2,000
- Can be combined with other utility rebates.
- Must be an existing home and principal residence
- New construction and rentals do not apply
- Principal residence can be a house, houseboat, mobile home, cooperative apartment, condominium, or a manufactured home
- The overall total limit for an efficiency tax credit in one year is $3,200
- Total limit of $1,200 for any combination of home envelope improvements (windows/doors/skylights, insulation, electrical) plus furnaces, boilers and central air conditioners.
SAVINGS ANALYSIS
Lifetime Project Investment
Annual Operating Costs
IKONIC Tankless Gas Water Heater - Return on Investment
Annual Energy Operating Cost Savings:
Lifetime Savings:
Lifetime Project Investment
Annual Operating Costs
IKONIC Tankless Gas Water Heater - Return on Investment
Annual Energy Operating Cost Savings:
$416
Lifetime Savings:
$15,055
Lifetime Project Investment and Lifetime Return Savings calculations are based on project cost (product + installation costs) of two 50-gallon PDV models compared to one IKONIC model, minus estimated tax credits and rebates. Includes replacement costs of two 50-gallon PDV models at year 7 to match a 15-year warranty period. Installation costs are estimated and may vary based on specific application and region. Estimated federal tax credit is calculated as 30% of project cost up to $600. Default water heater prices do not include tax or delivery fees. Rheem is not responsible for tax and rebate filing. Consult with a tax advisor and local utility for complete filing and eligibility requirements. Calculations are directional only based on specific installation scenarios. For more accurate project costs consult with your local plumbing professional.
PRODUCT VIDEOS
ADDITIONAL REPORTS
Every model offers comfort without compromise and an eye towards reducing energy use along the way.
Maximus®
- Produces 2 times the hot water of a standard water heater
- Efficient yet powerful burner reduces energy use by 36%
- Smart controls with LeakSense™ detection system
Proterra®
- Heat pump technology reduces energy use up to 75%
- Big energy cost savings up to $576 per year
- Smart operating modes optimize energy use
1) Comparison of PDV gas model first hour rating hot water delivery to IKONIC's hourly hot water delivery based on an estimated 5.8 gallons per minute flow rate 2) Comparison of IKONIC to a standard gas model with minimum efficiency 3) Based on continuous built-in recirculation pump (SR model only, S models compatible with external pump accessory) compared to average water loss of residential water piping.