Wednesday, June 28, 2017

Geothermal Tax Credit

Geothermal heat pumps are similar to ordinary heat pumps, but use the ground instead of outside air to provide heating, air conditioning and, in most cases, hot water. Because they use the earth’s natural heat, they are among the most efficient and comfortable heating and cooling technologies currently available.

The federal government is offering a 30% tax credit on qualifying geothermal installations through 2016. The tax credit is 30% of the total installed price and has no upper monetary limit.

Please visit our geothermal website for more information on credits and rebates associated with geothermal heat pump installation.