Federal Tax Credits
Geothermal Tax Credit
Earning the ENERGY STAR means products meet strict energy efficiency guidelines set by the US Environmental Protection Agency. By choosing ENERGY STAR certified heating and cooling equipment and taking steps to optimize its performance, you can enhance the comfort of your home while saving energy. Saving energy helps you save money on utility bills and protect our climate by helping prevent harmful carbon pollution and reducing other greenhouse gases.
Geothermal heat pumps (GHPs) are among the most efficient and comfortable heating and cooling technologies currently available, because they use the earth's natural heat to provide heating, cooling, and often, water heating.ENERGY STAR qualified geothermal heat pumps:
- are over 45 percent more energy efficient than standard options.
- now include water-to-water GHPs. Water-to-water GHPs provide space conditioning and/or domestic water heating using indoor refrigerant-to-water heat exchangers.
Through December 31, 2016 homeowners who install ENERGY STAR qualified geothermal heat pumps are eligible for a 30% federal tax credit. Learn More.
Solar Tax Credit
Get a tax break for going solar
Government tax credits for solar
Federal HVAC Credit (25C) offers a tax credit of up to $300 for the solar-ready heat pump or air conditioner that’s at the heart of the SunSource system.
The federal solar credit (25D) equals 30% of the cost—with no upper limit—of the SunSource solar modules, including installation costs. It also covers 9% of the total cost of the solar-ready products. By installing a solar-ready outdoor unit (air conditioner or heat pump) and attaching at least one solar module, the solar-ready outdoor unit will qualify for both the solar and HVAC tax credits.
Consult a qualified tax professional for complete details. All federal solar tax credits are available through 2016. You can also learn more in the “Tax Credits for Energy Efficiency” section at www.energystar.gov.
Additional state and local utility solar tax credits and incentives
The SunSource Home Energy System may also qualify for tax credits from your state and local governments. In many areas, local utility companies are also offering rebates and other incentives.
To learn about rebates and credits available in your area, check with your local utility company or visit dsireusa.org.