Geothermal systems can save you 30 - 70% on your monthly utility bills and installation is more affordable than ever with federal tax credits and Jo-Carroll Energy’s Geothermal Incentive Program.
Your own backyard has the potential to be a Renewable Energy Source for comfortably and affordably heating and cooling your home.
A geothermal heating and cooling system takes advantage of the stable year-round temperature found a few feet beneath the ground. The system circulates a water-based solution through a buried loop system, providing high efficiency. A single piece of HVAC equipment has the ability to keep your home comfortable all year long in addition to providing some or all of your hot water needs.
Homeowners who install ground loop or ground water geothermal heat pumps may be able to claim a tax credit in the year the system is placed into service depending on the outcome of the Geothermal Heat Pump Tax Credit Extension Legislation, H.R. 5167 extending the tax credit that expired at the end of 2016 through the end of 2021. A credit of 10% of the total investment is also available (no maximum) for a commercial system installation. (To qualify, the systems must meet or exceed ENERGY STAR requirements and be installed after December 31, 2007.)