A geothermal heat pump is similar to a traditional heat pump, except it uses the ground instead of outside air to provide heatiing and air conditioning, and in many cases, hot water.

Because Geothermal uses the earth's natural heat, it is among the most efficient and comfortable heating and cooling technologies currently available.

Which geothermal heat pumps qualify?

All ENERGY STAR qualified geothermal heat pumps are eligible for the tax credit. Earning the ENERGY STAR means products meet strict energy efficiency guidelines set by the US Environmental Protection Agency. By choosing ENERGY STAR qualified heating and cooling equipment and taking steps to optimize its performance, you can enhance the comfort of your home while saving energy. Saving energy helps you save money on utility bills and protect the environment by reducing greenhouse gas emissions in the fight against climate change.

How much will I save?

The federal tax rebate includes 30% of the cost – including installation/labor costs - with no upper limit.

How long does the rebate last?

Tax credit are in effect in through 2016. Must be installed in a home you own and use as a residence (no rentals, but second homes qualify) between January 1, 2009 and December 31, 2016.

How do I file for the tax credit?

File Tax Form 5695 with your tax return. For details, please consult with a tax professional. For more information on the federal energy tax credit for geothermal heating and cooling, visit: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index

For an in-home geothermal consultation, call Genz-Ryan today. Or make an appointment online.