WHAT CAN YOU DO WITH GEO IN IDAHO?

Many Idaho home owners are now recognizing the benefits geothermal heating and cooling in their Idaho homes.  Residence swear by the comfort it provides and the simplicity of its operation.

Geothermal systems have proven themselves over decades of operation in all parts of the state of Idaho.  You owe it to yourself to learn more about the down-to-earth comfort of geothermal heating and cooling for your new, or older, Idaho home.

Idaho has a number of rebate and loan programs to install your new Geothermal System in your home: 

Personal Deduction

• Residential Alternative Energy Tax Deduction

 Sales Tax Incentive

• Renewable Energy Equipment Sales Tax Refund

 State Loan Program

• Low-Interest Energy Loan Programs

 Utility Loan Program

• Idaho Falls Power - Energy Efficient Heat Pump Loan Program

 Utility Rebate Program

• Idaho Falls Power - Residential Energy Efficiency Rebate Program
• Idaho Power - Residential Energy Efficiency Rebate Programs
• Kootenai Electric Cooperative - Residential Efficiency Rebate Program
• Northern Lights Inc. - Energy Conservation Rebate Program

The Federal incentive covers 30% of the expenditures in the year the incentive is taken, up to a cap of $2,000 if the property was installed prior to January 1, 2009. Qualifying geothermal heat pump property installed after December 31, 2008 is eligible for 30% of the installed cost without a cap, as provided under the American Recovery and Reinvestment Tax Act of 2009 (ARRA) . The incentive is available for taxpayers installing qualifying equipment at their primary residence or a second home, but not for a rental property.  This incentive is available till December 2016.

http://energytaxincentives.org/business/renewables.php

To qualify, tax payers will need to have evidence regarding:

• the cost of the system,
• when it was placed in service