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Geothermal Heat Pump Tax Credits Reinstated

19  February 2018
Geothermal Heat Pump Tax Credits Reinstated

Geothermal heat pumps are are now more affordable, thanks to the return of federal tax credits for residential and commercial installations.

These restored tax credits are retroactive to January 1, 2017, and are in place through January 1, 2022. Homeowners can get back 30% through 2020, then 26% in 2021 and 22% through 2022.

Geothermal systems are the most cost-effective, energy efficient and environmentally friendly heating and cooling systems available. They use the naturally occurring temperature of the ground to transfer heat rather than generate it through burning gas (so no emissions!). The most efficient gas heaters provide 94% efficiency meaning for 1 unit of energy spent, 0.94 units of heat is produced. Geothermal produces 4 units of energy for every 1 unit of electricity spent. That is a 70% savings on your heat energy usage!

Blodgett Supply offers geothermal heat pump solutions from Modine, and we can help you define and select the system that will work best for your projects.

Ask your Blodgett branch manager or sales representative about available geothermal systems today!

Geothermal Heat Pumps

 

More Information:
Federal Income Tax Credits and Other Incentives for Energy Efficiency - EnergyStar

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