Archive for the Is Geo for Me? Category

30% Geothermal Tax Credit is Back!

H.R.1892 - Bipartisan Budget Act of 2018 was signed by the President on 2/09/2018. In this 640 page piece of legislation there is small section which changes the expiration date from "December 31, 2016" to "December 31, 2021" The 30% Federal Tax Credit for Geothermal Systems is back! What if I had a system installed in 2017? Your system will qualify for this credit. Talk with you accountant immediately. You can refer them to this link which shows the bill. "The amendment made by this ...

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Tax Credits Are Back!  30% Federal Tax Credit

Tax Credits Are Back! 30% Federal Tax Credit

Updated 2/10/2018 - Tax Credits Are Back! The reinstated GHP tax credits are retroactive to Jan. 1, 2017, and extended to Jan. 1, 2022. The language also changes an important consideration for commercial GHP projects, making them eligible if commenced by Jan. 1, 2022 rather than placed in service. Please note that content from here down was prior to the extension. The tax credit is back! //////////////////////// There is no tax credit extension. Through December 31, 2016 home own ...

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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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Jobs in Geothermal

Jobs in Geothermal

Hey there, geothermal community! We hope you had a fabulous Christmas with plenty of green gifts, friends, family, and food! Things have been pretty busy around here, but we figured everyone could use a small dosage of geothermal education this time of year - alas, here we are! Whether you're an HVAC contractor, a new job seeker, or a curious homeowner, there are plenty of opportunities for you to pursue a job in geothermal heating and cooling. In this post, we'll discuss some of the different s ...

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High School Science Teacher Talks Geothermal

High School Science Teacher Talks Geothermal

Today, we have yet another great testimonial from a homeowner with a geothermal heat pump system. A must read for anyone looking to replace their current heating and cooling setup. Enjoy. Four years ago my wife and I started looking into solar panels for our house as a long term, environmentally responsible investment. We were discouraged by the cost, pay-off time, and all the trees we would have to cut down. About that time, our furnace and air conditioner (AC) were starting to require fre ...

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