Bill’s Blog

A income tax credit for residential geothermal systems installed through 12/31/2016 has been passed into law that provides a 30% income tax credit for the installation of a geothermal system in your home. With no cap on the credit this can be a substantial amount of money. It can be used to offset AMT tax, can be used in more than one year, can be combined with solar and wind tax credits and can be combined with energy efficiency upgrade credits.

With other rebates and some proposed rebates that I hear about this is the time to consider geothermal.

One job that I recently sold all the incentives amounted to 50% of the installed cost and can make it less expensive that a high end conventional system.