aVAILABLE tAX cREDITS
Geothermal Heat Pumps Tax Credit
Residential Clean Energy Tax Credit amounts apply for the prescribed periods:
- 30% for from now in 2024 until January 1, 2033
The incentive program starts stepping down to 26% in 2033 and 22% in 2034.
ClimateMaster products that qualify for Tax Credits
Who can use this credit?
Existing homes and new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.
This system must be installed in connection with a dwelling unit located in the United States and used as a residence by the taxpayer. The home served by this system does not have to be the taxpayer’s principal residence.
A principal residence is the home where you live most of the time. The home must be in the United States. It can include a house, houseboat, mobile home, cooperative apartment, condominium, and a manufactured home.
What products are eligible?
Qualified geothermal heat pump property:
Equipment which:
(1) uses the ground or ground water as a thermal energy source (to heat), or as a thermal energy sink (to cool) a home, and
(2) is ENERGY STAR certified.
