A new law that passed in Maryland has enacted quarterly cash payments to homeowners for geothermal installs for at least the next 8 years, known as REC Credits (Renewable Energy Credits). This can result in paying off your geothermal installation way faster than a generic HVAC system replacement. You can receive anywhere from $1,000-$4,000 per year in cash.
Aside from the quarterly cash payments, Maryland also offers a state rebate for your investment of $3,000 and no sales tax!
In addition to being paid back by the Maryland Government, you also receive a 30% tax credit through 2032. There is no limit to this credit or number of times that it can be claimed.
Aside from being paid by both the Maryland State Government and the U.S. Federal Government, you also receive rebates from your Utility company, and these rebates have recently increased in size. You can get up to $3,000-$6,000 per unit!
Below is a case in which a Kensington, Maryland homeowner we worked with got paid for switching to geothermal. Their house is 2,034 square feet:
Current Fuel | Gas & Electricity |
---|---|
Insulation Factor | Average |
System Age | +15 Years |
REC Received | 23 Credits |
Compensation | $2,116 Annually |
Below is a case in which a Burtonsville, Maryland homeowner we worked with got paid for switching to geothermal. Their house is 2,881 square feet:
Current Fuel | Oil & Electricity |
---|---|
Insulation Factor | Average |
System Age | +15 Years |
REC Received | 53 Credits |
Compensation | $4,876 Annually |
If you've already installed geothermal in your home, you are also eligible to receive payment for REC credits. We partner with Clear Path Renewables, who processes your REC credits and pays you directly. Clearpath is an aggregator and is licensed to collect and process the information needed to issue your REC credit certificate and distribute your REC credit cash quarterly. You will need to enroll for your payments on Clearpath's website directly with the following information below:
With their extremely high efficiency and user satisfaction, a GeoThermal heating & cooling system is today's choice for clean renewable energy source technology. Not only does GeoThermal save energy and money, it reduces emissions and provides increased indoor comfort in a most environmentally friendly way.
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
We all want to see more people save energy and adopt renewable power—now you can be part of the solution. Join the North American GeoThermal Referral Rewards program and earn cash rewards when your friends go Geothermal..
The North American GeoThermal Referral program is for anyone who wants to help their friends save money and the environment by making the switch to Geothermal. You don't have to be a North American GeoThermal customer to participate, so sign up today!