Everyone in your family will approve of geothermal heat. Including Uncle Sam.
Given the cost and instabilities around energy sources like oil, the federal government is understandably encouraging use of energy-efficient alternatives. That's why it's willing to give you a credit on your taxes if you purchase a qualifying geothermal system to heat and cool your home.
Instead of consuming oil or gas, geothermal heat pumps use electricity and draw thermal energy directly from the earth. Using your yard, pond or well, this ingenious technology enables you to enjoy higher energy efficiency inside your home—no matter how extreme the weather gets outside.
Go geothermal, and you'll realize substantial savings on your energy bills year to year—and a big boost from Uncle Sam in the form of a one-time tax credit of up to 30% of the installed cost.* Who's your favorite uncle now?
To learn more about the geothermal tax credits and what qualifies, click here.
*For existing homeowners and those building a new home who install qualifying geothermal heating and cooling systems, a one-time tax credit is available totaling 30% of the installed cost of a residential ground loop or ground water geothermal heat pump.
To qualify for this credit, the system must meet current geothermal ENERGY STAR® requirements and be installed prior to December 31, 2016.
For details go to the ENERGY STAR®
website. This notice is not to be considered tax advice. See your tax professional to determine how these credits would apply in your circumstance.