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30% Tax Credit Announcement 02/09/2018

 

 Geothermal 30% Tax Credit Reinstated 

  • Retroactive to January 01, 2017 for homeowners who purchased a geothermal heating, cooling and hot water system.
  • 30% tax credit available until December 31, 2019

 The tax credit amount will slightly decrease in 2020 and 2021 as a phasing out process. The final tax credit will expire 12/31/2021.

  • In 2020, the tax credit will reduce to 26%
  • In 2021, the tax credit will reduce to 22%

 Commercial applications benefit too with the reinstatement of the 10% tax credit. 

 Click Here to View Press Release from GeoExchange