Want to save on monthly energy bills and your energy consumption? Geothermal heating and cooling is a powerful solution! You can take advantage of one of the most overlooked resources: the heat underneath your home. Though the temperatures outside may dramatically fluctuate throughout the year, the temperature of the ground under your home typically remains the same. Even if it is freezing above ground, you can still benefit from the heat underneath your house.
Some of the advantages of geothermal systems include:
- Significantly reduces your energy bills
- No burning of fossil fuels
- Year-round, environmentally friendly comfort
- Local rebates and tax credits available
- Minimal maintenance and long lifespan
- Quiet, clean, and safe inside your home
Federal Rebates & Tax Credit
- From January 1, 2020 to December 31, 2020: 26% of the installation cost
- From January 1, 2021 to December 31, 2021: 22% of the installation cost
There is no maximum amount of credit offered, as long as it's 26% of your installation fee, and the tax credit applies to any property using a geothermal pump, so you can install a geothermal system in a rental home or a vacation home and still take advantage of the tax credit. It can be combined with other energy efficiency tax credits, and can even be carried forward to the next year if your tax liability isn't great enough when you install your system. The one restriction is that it only applies to Energy Star rated systems, so let's discuss your options and find the perfect system for your needs. We at Aire Serv of Central North Carolina can also help you to save on a local level. We are approved contractors in Duke Progress Energy’s Smart Saver Program. This means that geothermal heat pumps that we install for Duke customers are eligible for a rebate. The sooner you take advantage of geothermal energy, the more you can save on your taxes! You can save on taxes, utility expenses, and get a rebate. Want to learn more? Just give our geothermal heating and cooling experts a call.