Geothermal Tax Credits Incentives - Advanced Services Advanced Heating & Cooling

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Geothermal Tax Credits & Incentives

     Advanced Services stays up-to-date and informed on any federal and state tax incentives that are available for our geothermal customers. To assure that the information contained on this website and page are up-to-date, contact us today.

     New geothermal installations receive a federal tax credit allowing homeowners to deduct 30% of the total geothermal system installed cost from their tax liability or tax due. The Residential Energy Efficient Property Tax Credits (Section 1122) program is part of the American Recovery and Reinvestment Act of 2009. These nonrefundable federal energy tax credits help homeowners pay for qualified residential alternative energy equipment, such as geothermal heat pumps.

     To learn more about state and local incentives, visit the Database of State Incentives for Renewables & Efficiency (DSIRE).

Geothermal Tax Credit & Incentive Requirements

Installed after January 1, 2009 and before December 31, 2016. According to the Internal Revenue Service (IRS) guidance, the Federal tax credit is tied to the Energy Star specification that is in effect at the date of installation. Installed in residence (not limited to primary residence). For purposes of Energy Star qualification, geothermal heat pumps include the following: open loop, closed loop, and DGX and are powered by a single phase current.

Geothermal Tax Credit & Incentive Resources

Climatemaster Tax Credits Bosch Tax Credits Database of State Incentives for Renewables & Efficiency Energy Star