A geothermal HVAC system could be the perfect solution if you’re looking for a home heating and cooling upgrade. In addition to exceptionally clean and efficient comfort, a new geothermal HVAC system installation can also deliver serious tax savings.
Why Install a Geothermal HVAC System?
High-quality geothermal heat pump systems are ultra-reliable, providing decades of stress-free heating and cooling performance. What’s more, they do so while using up to 70% less energy than traditional climate control solutions. They’re extremely quiet, they maintain steady and consistent temperature control and they can even improve indoor air quality. Simply put, geothermal technology is the most efficient, eco-friendly and cost-effective way to keep your family comfortable.
Cash In on Tax Savings and Incentives
Installing a geothermal heat pump is a savvy financial move that offers significant energy savings for years to come. In fact, many homeowners save more over the lifespan of their system than they invested. Incentives like the renewable energy tax credit make geothermal systems even more appealing, virtually ensuring a solid return. This federal incentive provides a special tax credit, effectively reducing the cost of a qualifying installation by 26%. In some areas, other incentives at the state, local and utility levels can potentially help you save even more.
Save Big While You Still Can
The federal renewable energy incentive offers invaluable tax savings, but it won’t be around forever. Originally slated to begin phasing out in 2021, the program was granted a two-year extension in December 2020. As a result, only installations completed by December 31, 2022, will be eligible for a 26% credit. The incentive will then drop to 22% for 2023, so act quickly to secure the maximum tax credit.
If a ground-source heat pump sounds right for you, don’t risk missing out on the best possible deal. Check out our high-performance WaterFurnace geothermal HVAC systems today to learn how much you can save.