Here is some news on how homeowners could qualify for a geothermal tax credit!
The Energy Improvement and Extension Act of 2008 (H.R. 1424) offers…
- A one-time tax credit of 30% of the total investment for homeowners who install residential ground loop or ground water geothermal heat pumps
- Qualifying systems must meet or exceed EnergyStar requirements and be installed after December 31, 2007.
- Indianapolis geothermal system owners can file for the credit by completing the Renewable Energy Credits subsection on their federal tax return forms.
- Geothermal tax credits are available through December 2016.
Please consult your tax professional for details on the proceedure and your eligibility.
To learn more about additional incentives that may be available, visit http://www.dsireusa.org/