Geothermal Heat Pumps Now Earn 30% No-Cap Tax Credit

The $787 billion Economic Recovery Bill, officially titled the American Recovery and Reinvestment Act of 2009, removed the previous cap on the 30% investment tax credit afforded to geothermal heat pump installations in non-business properties. The new law puts geothermal heat pumps on a level playing field where fossil fuel companies have received depletion allowances or production tax credits for many years! There are now improved opportunities for the sale and installation of EarthLinked equipment in the U.S. as the new law offers a tax incentive to use clean renewable energy.
A tax credit of 10% of the total investment is also available without a maximum credit limit for commercial installations.

You can learn more about the federal tax credit and other renewable energy incentives on the ETI website:  http://www.earthlinked.com/learn-more/taxcredits-rebates