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Geothermal Tax Credits
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.
As of December 1, 2009 homeowners who install ENERGY STAR qualified geothermal heat pumps are eligible for a 30% federal tax credit.
ENERGY STAR qualified geothermal heat pumps:
- are over 45 percent more energy efficient than standard options.
- now include water–to–water GHPs. Water–to–water GHPs provide space conditioning and/or domestic water heating using indoor refrigerant–to–water heat exchangers.
Earning the ENERGY STAR means products meet strict energy efficiency guidelines set by the US Environmental Protection Agency. By choosing ENERGY STAR qualified heating and cooling equipment and taking steps to optimize its performance, you can enhance the comfort of your home while saving energy. Saving energy helps you save money on utility bills and protect the environment by reducing greenhouse gas emissions in the fight against climate change.
Information on this page was taken from the U.S. Government’s Energy Star Program. To learn more visit: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index
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