Geothermal 30% Tax Credit
The 30% tax credit has been reinstated!
Retroactive to January 01, 2017 for homeowners who purchased a geothermal heating, cooling, and hot water system.
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
