Download the following brochures.
Geothermal General Information Packet
- Table of Contents
- • 8 Reasons Why You'll Fall in Love with Geothermal
- • Geothermal Solutions – Article By Ray Ben Erskins
- • What You Should Know about Geothermal
- • Geothermal Heat Pumps: What are they?
- • Mechanics of the Heat Pump Process
- • Closed Loop Systems
- • Open Loop Systems
- • Geothermal Heat Pumps: Parts of the System
- • Benefits of Geothermal Heating/Cooling
- • Questions YOU should ask
- • Glossary
- • Geothermal Tax Credits
GEO Journal / All The Latest News Regarding Geothermal Heating And Cooling Systems
- Featured Articles
- • Residential geothermal tax credit now available
- • A beginners guide to geothermal
- • The system installer and you
- • EarthPure, the refrigerant choice for the future
- • Habitat for Humanities green neighborhood
- • National Historic Landmark Achieves LEED Certification
- • Add-on heat pump makes more sense with geothermal
- • Geothermal, the answer for comfort
- • The smart, responsible choice for families and homes
- • Radiant floor heating, the ultimate in comfort
- • How efficient is your heating and cooling system?
- • The ClimaDry™ dehumidification system
Guide To Federal Tax Incentives For Residential Geothermal Heat Pumps
- Residential Geothermal Tax Incentives
- • 30% of total GHP system cost
• Credit limited to $2000 for 2008
• No limit to credit amount for 2009 to 2016
• Can be used to offset AMT tax
• Can be combined with solar and wind tax credits
• Can be used in more than one year
Eligibility:
• Home must be located in the U.S.
• Includes houses, apartments, condos, mobile homes
• Does not have to be your main home
• GHP must meet Energy Star requirements
• Installed between 1/1/2008 and 12/31/2016
Guide To Federal Tax Incentives For Commercial Geothermal Heat Pumps
Commercial Geothermal Tax Incentives
• 10% of total GHP system cost
• No limit to total credit amount
• Can be used to offset AMT tax
• Can be combined with solar and wind tax credits
• Can be used in more than one year
• 10% grant available in lieu of tax credit
Accelerated Depreciation:
• 5 year MACR depreciation for entire GHP system
• Eligible for 50% first-year bonus depreciation for 2008 - 2009
Eligibility:
• Building located in U.S.
• Original use begins with taxpayer
• Installed between 10/3/2008 and 12/31/2016
