Thanks to federal, state and local tax credits and rebates a Water Furnace geothermal heat pump system is more affordable than ever. Depending upon the size and scope of the geothermal system these tax credits can offset up to 40% of the initial cost of installation. Now you can start savings thousands of dollars by dramatic reductions in the cost of heating, cooling and hot water generation. Atlanta geothermal customers are eligible for the following credits.
On top of these great tax credits and rebates GeoSaves is offering 1 Year Same as Cash financing for Water Furnace geothermal installations in Atlanta. Get your tax credits back before you have to pay anything for your new geothermal system and start saving immediately!
DSIRE is an online resource to guide you to state, local, utility and federal incentives that promote renewable energy and energy efficiency. DSIRE was established in 1995 and it is funded by the U.S. Department of Energy.
Right now you can save 30% off the total installation cost of your new geothermal system when you file your federal taxes. In 2009 the federal government removed the $1,500 cap on geothermal heat pump installations and is giving 30% of the total cost back to you. GeoSaves will provide you with all the documents you need to file for your 30% federal tax credit to help make it effortless on your part.
The state of Georgia is now offering a $2,000 state tax credit for Atlanta home owners who install a geothermal heat pump. The legislation says 35% of the total cost or a $2,000 maximum tax credit. Every geothermal heat pump installation in Atlanta will cap out at the $2,000. GeoSaves will sit down with you after the installation is complete and fill out the online pre-application. Once GEFA, Georgia Environmental Finance Authority, receives the pre-application they will send you instruction for tax filing.