Tax Incentives for Geothermal

Ellis, Dan
July 2009
Heating/Piping/Air Conditioning Engineering;Jul2009, Vol. 81 Issue 7, p6
The article offers information on the federal stimulus plans with green tax incentives for commercial geothermal and water-source heat-pump equipment in the U.S. The Emergency Economic Stabilization Act of 2008 has allowed a tax credit for 10% of the geothermal equipment cost being placed in service before the end of 2016. The American Recovery and Reinvestment Act of 2009 (ARRA) has also provided 10% tax credit for eligible geothermal-heat-pump energy property from 2009 to 2010.


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