In August 2022, the tax credit for geothermal heat pump installations was extended through 2034. Geothermal equipment that uses the stored solar energy from the ground for heating and cooling and that meets ENERGY STAR requirements at the time of installation is eligible for the tax credit. The credit has no limit and there's no limitation on the number of times the credit can be claimed.
The energy tax credit can be combined with solar and wind credits as well as energy efficiency upgrade credits. A 30% federal tax credit for residential ground source heat pump installations has been extended through December 31, 2032. The incentive will be lowered to 26% for systems that are installed in 2033 and 22% in 2034, so act quickly to save the most on your installation.
In addition to the federal tax credit, some state, local, and utility incentives may be available in your area for even more savings on installing a geothermal heat pump. Check out the Database of State Incentives for Renewables & Efficiency (DSIRE) website to find policies and incentives in your area.
Brandywine Valley Heating & Air Conditioning's leadership and staff reside within the communities we serve, and we deeply cherish every relationship we've forged and nurtured through various outstanding organizations and events across the Brandywine Valley area. Whether it be through active participation in local boards and committees of nonprofits or backing crucial community fundraisers and events, we delight in dedicating our time, efforts, and resources to those effecting positive change in the beloved communities we hold dear. We're thrilled to encounter our customers at these events we proudly support, so don't hesitate to drop by and say hello!
Brandywine Valley Heating & Air Conditioning installs WaterFurnace products (which have industry leading warranties and performance), as well as services most major brands of geothermal and HVAC equipment. To learn more about our HVAC services, check out our conventional website here. We pride ourselves on exceptional customer service.
We’ve been proudly serving West Chester and the surrounding area with top of the line products, service, and maintenance since 1993 and hope you will join our legacy, so give us a call today!