With the 30% U.S. Tax Credit, you get more dollar for dollar when you install geothermal heating and cooling.
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With geothermal heating and cooling, you get more for your money with financial incentives. In particular, the American Recovery and Reinvestment Act allows for a 30% tax credit for costs associated with ENERGY STAR qualified geothermal heat pumps now through December 31, 2016.
Not to be confused with a tax deduction that lowers your taxable income, this is a tax credit featuring no cap or limit to the number of credits that can be claimed per taxpayer. Plus, this credit is applied to the total system cost, which includes the equipment, installation, piping, and electrical cost.
Be sure to speak with your tax professional to see how you can apply the 30% U.S. tax credit on your taxes. As you can see, it pays to be the owner of a geothermal heating and cooling system… Get a quote for your new system today!
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