Federal Geothermal Tax Credits Officially in Place Through 2022

Federal Geothermal Tax Credits Officially in Place Through 2022

At Sensible Heating & Cooling, it’s no secret that we are an environmentally-conscious company. On February 9, 2018, Congress passed an extension of the Geothermal Tax Credits into law. The new legislation is retroactive to January 1, 2017 and will remain in effect January 1, 2022. The legislation specifically states that as long as the project commences by this date, it will be eligible for the tax credit.

The tax credit for homeowners is 30% until 2020, when it will then drop to 26%, then to 22% through 2021.

Some reasons to consider geothermal besides the tax credits include:

  • Reduced carbon footprint
  • Energy bill savings
  • Increased re-sale value for your home

If you have been considering geothermal for your home or commercial property, reach out today! Our estimators are happy to provide information and free estimates on a geothermal or other environmentally-friendly new systems for your home.

If you are one of our clients who installed a geothermal system in 2017, please reach out today, and we will help you navigate the retroactive tax credit documentation before you file your 2017 taxes.

Contact our office today at 720.876.7166 or email Dan at dan@sensibleheat.net or Phil at phil@sensibleheat.net. We will be glad to assist you with any of your needs or schedule your free estimate today.

By | 2018-03-14T16:36:54+00:00 March 14th, 2018|Geothermal|0 Comments

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