Geothermal Tax Credits & Incentives
Get Started Today!
How Much Can You Save?
Tax Credits & Incentives
In August 2022, the tax credit for geothermal heat pump installations was extended through 2034. 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. The credit has no limit and there's no limitation on the number of times the credit can be claimed.
US Tax Credits Through 2034
The energy tax credit can be combined with solar and wind credits as well as energy efficiency upgrade credits. A 30% federal tax credit for residential ground source heat pump installations has been extended through December 31, 2032. The incentive will be lowered to 26% for systems that are installed in 2033 and 22% in 2034, so act quickly to save the most on your installation.
Check For More Local Incentives
In addition to the federal tax credit, some state, local, and utility incentives may be available in your area for even more savings on installing a geothermal heat pump. Check out the Database of State Incentives for Renewables & Efficiency (DSIRE) website to find policies and incentives in your area.
About D&C Heating and Cooling, Inc.
D&C Heating and Cooling, Inc. is a family owned and operated business started by the late Sam Davis in 1962. His legacy carries on today with sons Chuck and Bill Davis. Sam Davis' main goal when he started the business was to take care of his customers. As he always said, “If you take care of your customers, the business will take care of itself”. So after 53 years of sales and service his words still carry true. D&C Heating and Cooling, Inc. installed our first geothermal in 1984. You can trust the team at D&C Heating and Cooling, Inc. to provide excellent service at a reasonable price.
Our team services most major brands of geothermal and HVAC equipment. We’ve been proudly serving Marion and the surrounding area with top of the line products, service, and maintenance for years and hope to do the same for you, give us a call today!
Contact D&C Heating and Cooling, Inc.
