The 30% geothermal federal tax credit expires on the 31st of December, 2016. That means this year. That means you don’t have a lot more time to get your GeoCool unit ordered and installed!
Geothermal Federal Tax Credit & You!
Hopefully you already know all about the 30% geothermal federal tax credit and why it’s such a great deal for new geothermal heat pump owners.
You do know all about it, right?
If you don’t, let me provide some illumination. This incentive allows you to apply 30% of the purchase cost and installation expense of a geothermal heat pump to your taxes. Basically, you can spend money you were going to give to Uncle Sam on a high efficiency heating and cooling system for your home.
It’s a great deal.
That’s Gone Very, Very Soon
Congress, with its lack of infinite wisdom, has not chosen to renew this amazing geothermal tax credit. Sure, they renewed the incentives for wind and solar, but left geothermal out for some reason. I guess it’s because Congress is incapable of doing anything mostly right.
They’re consistent about screwing up, at least.
I could go on about that, but let’s not. No one needs another government-induced ulcer.
You’ve always planned to get a geothermal heat pump for your home, but you’ve always put off doing it. I assure you that now is the time. Claiming 30% of the expense on your taxes is no small amount of money. If you’ve ever even toyed with the idea of getting a geothermal unit, do it quickly.
So, what do you need to do?
The first thing you need to do is order your unit. We highly recommend a GeoCool unit, because that makes us money.
We’re a little biased that way.
Second, you need to find a geothermal installer to get your unit in the ground BEFORE December 31st. It’s getting late in the year, so there’s no time to waste.
Start the process today or you can kiss that big geothermal federal tax credit good-bye.