Geothermal Tax Credits & Incentives
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Tax Credits & Incentives
In August 2022, the tax credit for geothermal heat pump installations was extended through 2034. Geothermal equipment that uses the stored solar energy from the ground for heating and cooling and that meets ENERGY STAR requirements at the time of installation is eligible for the tax credit. The credit has no limit and there's no limitation on the number of times the credit can be claimed.
US Tax Credits Through 2034
The energy tax credit can be combined with solar and wind credits as well as energy efficiency upgrade credits. A 30% federal tax credit for residential ground source heat pump installations has been extended through December 31, 2032. The incentive will be lowered to 26% for systems that are installed in 2033 and 22% in 2034, so act quickly to save the most on your installation.
Check For More Local Incentives
In addition to the federal tax credit, some state, local, and utility incentives may be available in your area for even more savings on installing a geothermal heat pump. Check out the Database of State Incentives for Renewables & Efficiency (DSIRE) website to find policies and incentives in your area.
About North American GeoThermal
North American GeoThermal's designers are LoopLink Certified. This symbol lets you know that your system designer has been trained not just by the makers of the industry's best Geothermal design software, but by the authors of the industry standard design and installation manual issued by the International Ground Source Heat Pump Association ( IGSHPA ), the leading national entity for Geothermal GSHP standards, training, and certifications.
North American GeoThermal's well drilling & ground loop team have installed over 1 Million Miles of Geothermal loop pipe. With a team of over 65 Geothermal professionals your Geothermal ground loop installation will be performed by IGSHPA accredited installers and master well drillers, fluent in the complex geological formations found throughout our service area.
North American GeoThermal's interior equipment installers have installed hundreds of systems over more than 25 years. Our installers are WaterFurnace factory trained geothermal certified professionals. Only the best from the WaterFurnace network are invited to become a GeoPro Master Dealer. We have proven time and time again that we truly care about our customers. You can take comfort in the fact that as a GeoPro dealer we have proven ourselves in the following areas:
Overall Performance - Experience and Dedication - Installation Quality Continued Technical Training - Over All Business Practices
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When you need fast, effective repair solutions, you can always count on our team at North American GeoThermal!
We use top-class diagnostic services to make sure we locate and remedy your GeoThermal system problems without delay.