Federal Incentives for Geothermal Heat Pumps
Residential Renewable Energy Tax Credit
30 percent tax credit for homeowners
Energy Efficient Commercial Buildings Tax Deduction
1.80 per sq. ft
Modified Accelerated Cost-Recovery System (MACRS) + Bonus Depreciation
5 year write off complete installation, with 60 percent the first year
Business Energy Investment Tax Credit (ITC)
10 percent grant or tax credit of cost of system
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