Telephone: (843) 227-1501

Tax Credits

There are many incentives to install geothermal. Leading the way is a 30% Federal Tax Credit which is good through 2016. For more information about Local, State, and Federal incentives visit Dsire Usa or Climate Master.

Tax Credit Specifics from the IRS

A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the “placed in service” date is the date of occupancy by the homeowner. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The excess credit may be carried forward until 2016, but it is unclear whether the unused tax credit can be carried forward after then. The maximum allowable credit, equipment requirements and other details vary by technology, as outlined below.

  • There is no maximum credit for systems placed in service after 2008.
  • Systems must be placed in service on or after January 1, 2008, and on or before December 31, 2016.
  • The geothermal heat pump must meet federal Energy Star criteria.
  • The home served by the system does not have to be the taxpayer’s principal residence.

Customer Testimonial

Daniel - Atlanta, GA

"Don helped me understand why geothermal was the optimal choice for my newly constructed home. He helped design the system with my contractor and ensured everything went smoothly. I'm very happy with my system and the service I received."

Member Organizations

Proudly Serving

  • South Carolina
  • Georgia

Contact

P (843) 227-1501
F (866)-410-7885
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