Maybe. Check if your tankless water heater is listed on the Rinnai document links below.
Starting January, 2023. If you install a qualifying tankless water heater on or after 1/1/23, the credit is 30% of the cost (including installation), up to a maximum of $600. The lifetime cap for energy efficient improvements has been removed.
Rinnai Federal Tax Credits
RINNAI MANUFACTURER’S CERTIFICATION STATEMENT FOR FEDERAL TAX CREDIT
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