Geothermal Tax Credits and Rebates

FEDERAL TAX CREDITS
Tax Credit: 30% of cost with no upper limit
Expires: December 31, 2016
Details: Existing homes & new construction qualify. Both principle residences and second homes qualify. Rentals do not qualify.

High performance ground source heat pumps are eligible for a Residential Energy Tax Credit when installed by a tax credit certified geothermal technician. The equipment specifications are:
Must be closed loop systems, must have a performance rating of 3.3 COP for closed loop or 3.5 COP for direct exchange (DX) systems

System Tons	BTU per hour output	Est. Savings	Tax Credit Amt
3 ton & under	Less than 40,000	1,000 kWh	$600
4 ton	40,000 - 49,999	1,165 kWh	$700
5 ton	50,000 - 64,999	1,335 kWh	$800
6 ton and over	65,000 and over	1,500 kWh	$900

$3,000 Rebate on a new geothermal install

$2,400 Rebate on a new geothermal install

Tel. (541) 536-2463 CCB#134860