Incentives

There has quite literally never been a better time to invest in a Geothermal heat pump system to warm and cool your home or business!

The American Recovery and Reinvestment Act of 2009 (a/k/a ‘The Stimulus Bill’) expanded the Federal tax credit for geothermal heat pumps to 30% of the total system cost for residential customers, and 10% for commercial customers, with no dollar limit. For the residential credit, the house does not even have to be your primary residence, and if the credit amount exceeds your tax bill, you can carry over the unused portion to offset taxes in future years.

Learn more about the new Federal tax credit.

There are additional Federal, state, and utility incentives available, depending on your area. Some of these include accelerated depreciation, sales and property tax exemptions, and utility rebates. GDS GreenPower can work with you to help identify applicable incentives. By helping to defray the up-front system costs, these incentives can substantially shorten your payback period.

For a comprehensive database of rebates, incentives, policies, rules, and regulations, please visit:

www.dsireusa.org

There has never been a better time to make an investment in GreenPower!