Geothermal Rebates and Tax Credits Incentives Guide

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Financial Incentives

In addition to the extensive benefits offered by a Hydron geothermal heating and cooling system, there are also a variety of financial incentives being offered across North America. Numerous state, provincial, local municipalities, and utilities offer rebates, tax incentives or low interest loans to support your geothermal installation.

 
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Financial Incentives

In addition to the extensive benefits offered by a Hydron geothermal heating and cooling system, there are also a variety of financial incentives being offered across North America. Numerous state, provincial, local municipalities, and utilities offer rebates, tax incentives or low interest loans to support your geothermal installation.

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Canada

Canadian provinces also offer tax incentives for Canadian residents installing a geothermal system. Since these offerings vary by Province, interested parties should contact their local Hydron Module dealer for details regarding their specific tax incentive availability.

In addition to the Federal/Provincial tax credits, many local municipalities and utilities also offer rebates or other financial incentives to homeowner's installing a geothermal system. Be sure to research their availability to ensure maximal benefit of installing a new efficient geothermal heating and cooling system.

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DSIRE

DSIRE is a comprehensive source of information on state, local, utility, and federal incentives and policies that promote renewable energy and energy efficiency. Established in 1995 and funded by the U.S. Department of Energy, DSIRE is an ongoing project of the N.C. Solar Center and the Interstate Renewable Energy Council. Click this link to visit the site.

Downloadable Tax Credit Certificates

Between 2008 and 2016, the American Recovery and Reinvestment Act allowed for a 30% tax credit for costs associated with ENERGY STAR® qualified geothermal heat pumps, as noted in section 25D of the Internal Revenue Code. These documents are provided in relation to that program, which has now expired.