GEOTHERMAL
Tax Credit Rebates
The Energy Credit
In October 2008, geothermal heat pumps were added to the Internal Revenue Code. This created a 30% tax credit for costs associated with qualified geothermal equipment “placed in service” through the end of 2016.
• 30% of total system cost
• No limit to credit amount for 2009 installations and beyond
• Can be used to offset AMT tax
• Can be used in more than one year
• Can be combined with solar and wind tax credits
• Can be combined with energy efficiency upgrade credits
What’s Eligible
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. Covered expenditures include labor for onsite preparation, assembly, or original system installation and for piping or wiring to connect a system to a home. The structure must be located in the United States and used as a residence by the taxpayer, although primary residency isn't required. In fact, if geothermal is installed in more than one home, there is no limitation on the number of times the credit can be claimed.
Contact Us for more information & always consult your Tax Professional.
Testimonials
Dear Arronco,
We are really pleased with the installation of our system. The installers really worked hard, and your Company should be proud of their work ethics and craftsmanship. I know our job was a challenge for them to say the least!
We are looking forward to using our new system, both for the air conditioning and the heating. The few times I have turned on the heat, I have not been bothered by any smell of propane. If there is any odor, my 'asthma' sense of smell will detect it.
Jeremy Z.
Dear Arronco,
This is a note of thanks to you and your Arronco team. We are quite pleased with all phases of the purchase, removal of the old equipment and the installation of the new equipment. We talked to four companies about replacing our Furnace, AC, Air Cleaner and Humidifier . You answered all our questions (which were many) and you covered every detail of what needed to be done.
R. Wilson
Dear Arronco,
Thank you so much for installing my geothermal Water Furnace. You did a great job on installation, and your service men are courteous and clean up any mess they make. I really appreciate that.
And I have to tell you, I previously had propane heat. Since you installed my Water Furnace fall 2008, it is the first time I have actually been warm in this house. Not only is it saving me 50% or more of heating costs, but I can keep the temperature high enough to be comfortable. I'm very pleased with the purchase.
Thanks again,
Jenny H.
Dear Arronco,
I wanted to get back to you and share our experience with the system you all put in. I have six months of data now including cold weather and I can tell you the savings in energy use (electric kwh) for heating/cooling is running at 65%. This is corrected for degree days and days in billing cycle. I have also adjusted for kwh usage for lighting, appliances, etc- they account for about 700 kwh/mo and I subtract that before calculation so as to get the true effect on heating. You may recall I am an engineer, so I am confident in the data and my analysis.
Actually, I am sure the hot water heating supplement from the geothermal also reduces the non-heating portion of usage, so that is a bonus to the 65%. I use usage instead of the bill in $ because the cost of electricity is constantly changing with delivery costs, seasonal adjustments, fuel surharges etc.
Finally, the comfort level is greatly improved even at a lower temp setting. We are set at 70 and we feel no discomfort - if wanted to pinch a little, I am sure 68 would work. The heat is more uniform and we never have to adjust; I keep a standalone indoor/outdoor thermometer and it verifies the readings. We don't make any changes day or night- just keep it constant based on your advice... All in all, a good investment!
Bill K.
