Geothermal Tax Credits & Incentives

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Tax Credits & Incentives



In December 2020, the tax credit for geothermal heat pump installations was extended through 2023. Geothermal equipment that uses the stored solar energy from the ground for heating and cooling and that meets ENERGY STAR requirements at the time of installation is eligible for the tax credit. The credit has no limit and there's no limitation on the number of times the credit can be claimed.

US Tax Credits Through 2023

The energy tax credit can be combined with solar and wind credits as well as energy efficiency upgrade credits. A 26% federal tax credit for residential ground source heat pump installations has been extended through December 31, 2022. The incentive will be lowered to 22% for systems that are installed in 2023, so act quickly to save the most on your installation.

Check For More Local Incentives

In addition to the federal tax credit, some state, local, and utility incentives may be available in your area for even more savings on installing a geothermal heat pump. Check out the Database of State Incentives for Renewables & Efficiency (DSIRE) website to find policies and incentives in your area.

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About Verdae Geothermal

If you are searching for a company that has a total in-house operation and a proven track record for providing homeowners with all of their WaterFurnace geothermal heating and cooling needs, you can trust Verdae Geothermal. Our company is proud to offer the following services to all of our customers...

  • Energy saving advice and consultation
  • Net Zero Energy consultation
  • Feasibility Studies
  • Residential and Commercial heating and cooling load calculations
  • Geothermal system engineering from a Certified Geothermal Designer (CGD)
  • Vertical and horizontal geothermal loop systems
  • Ductwork design
  • Routine service and maintenance
  • Emergency repair and service
  • Peer Review

Contact Verdae Geothermal

Your Expert Geothermal Source in The Hudson Valley

OFFICE ADDRESS
90 Primrose Hill Road
Rhinebeck, New York 12572
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