30% Tax Credit – Is it coming back?

In December 2015 congress passed a spending bill that extended tax credits for big wind and solar energy but left geothermal out. That was the end of the 30% Federal Tax Credit for geothermal. The new tax bill just released by the House of Representatives includes language that would extend the residential and commercial tax credits until January 1, 2022. The residential income tax credit would be retroactive back to January 1, 2017 at 30% and continue at that level until 2020 when it would ...

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Last Chance for 30% Federal Tax Credit

Last Chance for 30% Federal Tax Credit

There is no tax credit extension Through December 31, 2016 home owners who install Energy Star certified geothermal heat pumps are eligible for a 30% federal tax credit. Although the geothermal industry fought hard and continues to fight to have it extended, there is no extension. You have under 200 days to take advantage of this huge discount. Who should pay attention 1. Homeowners who plan to stay in their current home for at-least 7 years heating with propane or heating oil. 2.  Peo ...

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Geothermal Loop Fields - No Drill Rigs

Geothermal Loop Fields – No Drill Rigs

Geothermal heating and cooling is the most energy efficient way to both heat and cool your home on the planet.  Homeowners who want to take advantage of this awesome energy source under their feet have to accept some level of disruption in their landscaping... or do they? NexGen Energy located in Central Minnesota has a different method for installing geothermal loops, which are simply the underground pipe that exchanges the heat with the ground.  Homeowners can now have geothermal ...

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$1,800 Rebate for Maryland Residents

$1,800 Rebate for Maryland Residents

As of July 1 2014 a new rebate is in effect for Maryland Residents who install a closed loop geothermal systems. The previous rebate was $500 - the new one is $1,800. If you are a Maryland resident switching to geothermal be sure to ask your contractor about the new $1,800 rebate! To qualify the system much have an Energy Efficiency Ratio (EER) of 17.1 or higher and a Coefficient of Performance (COP) of 3.6 or higher. The majority of geothermal heat pumps far exceed these ratings. The revi ...

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How Energy Efficient is a Geothermal Heat Pump?

How Energy Efficient is a Geothermal Heat Pump?

Geothermal heat pumps are energy efficient heating and cooling units that use the sun’s natural rays to heat the ground, where this energy is absorbed through the soil and used to heat and cool your home. Geothermal heat pumps are an energy efficient alternative to your traditional furnace, but many homeowners are skeptical about their benefits. Your furnace still works, so what’s the point in switching? Well, a geothermal heat pump is an affordable energy efficient alternative to traditiona ...

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