Residential Geothermal Tax Incentives
30% of total GHP system cost
No limit to credit amount for 2009 to 2016
Can be used to offset AMT tax
Can be combined with solar and wind tax credits
Can be used in more than one year

Energy Policy Act
On February 17, 2009, President Obama signed the "American Recovery and Reinvestment Act of 2009 (ARRA)" into law. This bill combines spending and tax incentives designed to get the American Economy moving forward by investing in infrastructure and increasing the energy of residential/commercial buildings in America.

Specifically for the heating, ventilation and air conditioning (HVAC) business, this legislation makes a number of important changes to the existing tax incentives for homeowners who make qualified purchases on high-efficiency HVAC products and equipment in their primary residences. Overall the tax credits available have been increased up to 30% for the installed cost of these improvements, or a total of $1,500 for residential HVAC products installed from January 1, 2009 through December 31, 2011. Contact us at (717) 697-0389 or residentialinfo@remcopa.com for more details.