Many homeowners are now choosing green geothermal energy to heat and cool their homes because of currently available tax incentives that lower the initial installation cost.   But what systems truly qualify?

 To qualify for the federal tax credit, Geothermal Heat Pump systems must meet the ENERGY STAR requirements at the level of Tier 2 (see table below).  These requirements must have been in effect at the time of installation.   Requirements for energy efficiency most likely will change again on January 1, 2012

Tier 2 ENERGY STAR GHP Requirements

Source: ENERGY STAR website: www.energystar.gov

 A qualified residential Geothermal Heat Pump system must meet the following ENERGY STAR requirements to be eligible for the 30% federal tax credit:

•  Installed after Jan. 1, 2009 and before D1ec. 31, 2016.
•  Meet the the Energy Star specification that is in effect at the date of installation.
•  Installed in a residence (does not apply to rental property)

We at Yoder Geothermal encourage homeowners to be proactive in finding the geothermal system right for your home.  Choosing a knowledgeable HVAC contractor thoroughly informed and familiar with tax credits appropriate  for your new system continues to be of utmost importance. 

 For more information visit http://www.energystar.gov/index.cfm?fuseaction=find_a_product.showProductGroup&pgw_code=HP

This entry was posted on Tuesday, July 19th, 2011 at 11:28 am and is filed under geothermal cost, geothermal installation, tax rebate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.