A primer on geothermal incentives

What do you know about incentives for geothermal HVAC systems? You are going to be surprised. Here are some possible benefits you may be able tap into:

  1. Residential
    1. Federal tax credit of 30%, uncapped
  2. Commercial
    1. Federal tax credit of 10%, uncapped
    2. Maximum Accelerated Cost Recovery System (MACRS) – benefit up to 38% uncapped
  3. Everybody
    1. Property Assessed Clean Energy (PACE) funding – funds entire geothermal HVAC projects for property taxpayers
    2. State and local government incentives (various by region)
    3. Utility incentives and funding (On-Bill Financing)
    4. Geothermal utility services (ORCA Energy)

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