Geothermal Tax Credit is Back!

The Geothermal tax credit is retroactive. Homeowners who bought a geothermal heating, cooling, and hot water system from January 1, 2017 until now will qualify for the 30% credit.

The tax credit will be at 30% until December 31, 2019. In 2020 the tax credit will begin to phase out, dropping to 26%, and in 2021 it lowers to 22 percent. The tax credit will expire on December 31, 2021.

Please see the dealer from which your unit was purchased for more information.

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