Guide to Geothermal Tax Credits

Guide to Geothermal Tax CreditsWhat is better than helping the environment while keeping your home sufficiently warm during the cold winter months? The answer: Getting tax credits for utilizing renewable energy for your heating system. If you use geothermal energy to heat your home, you are eligible for what is called Geothermal Tax Credits.

Geothermal Energy and Your Home

The use of geothermal energy to heat homes has actually been going on for decades now. It was first used in the 1940s and has since offered homes a renewable source of energy for heating. Geothermal heat pumps use a system of pipes looped vertically underneath the ground beside the home it is heating.

These looped pipes gather energy from the earth and this energy is transferred to the home that it is heating. With the help of a heat pump, a home can have heat and even cooling energy that costs less than other conventional methods. It has even been calculated that for every dollar spent on energy being used by your heat pump, you actually generate up to $4 of heating energy for your home.

This means that you get more heating energy while spending less because you are using the power of the earth to power your home. Also, because of this system using only a heat pump to extract heat from the earth around your home, it actually has little to no impact on the environment. This makes it one of the most environmentally friendly systems for heating and is even lauded by the EPA as such.

How a Geothermal Heating and Cooling System Saves You Money

It is but natural that as a homeowner, you try to look for ways to cut back on costs, particularly when it comes to your energy consumption. With the rising costs of fossil fuels and predictions that prices will continue going up in the future, it is ideal that you look for alternative energy sources that won’t burn a hole in your pocket. Geothermal energy is your best bet.

Did you know that you can actually get up to 30% federal tax credit on Energy Star rated geothermal heat pumps that you install in your home? These tax credits include the cost of the unit as well as the cost of installation. And to top this off, you get up to 70% savings on your energy bills due to the way these heat pumps work.

Air Solutions Can Help You With Your Geothermal Heat Pumps

When you decide to make that change to renewable energy for your heating and cooling needs, in the Greater Tulsa area, the company to call is Air Solutions. We are a company that specializes in the installation and maintenance of heating and cooling systems in the area. Aside from installing heating systems and installing air conditioning systems, we also perform home energy audits to help you create a more energy efficient home. We also offer plumbing services and electrical services to those who need it.

To schedule an assessment and estimate, feel free to contact us at 918-288-0305 where our operators are on standby for your call.