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Geothermal 30% Tax Credit

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