Many homeowners are searching for better ways to control the temperatures in their homes while being energy and cost efficient; the geothermal heat pump can help. Geothermal energy helps preserve natural resources, relies less on fossil fuels, and is a more cost-effective option compared to other heating and cooling systems. On average, geothermal heat pumps are 30% – 50% more efficient than conditional air source units.
In February 2018, the Bipartisan Budget act reinstated the tax credit for geothermal heat pumps. The tax credit for all technologies features a gradual step down in the credit value. Currently, a taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States and is owned and used as a residence by a taxpayer. The 30% credit is valued until December 31, 2019. Qualifying expenditures include labor costs for on-site preparation, assembly or original system installation, and piping or wiring used to interconnect the home system. Learn more about the tax credit here.
Ferguson stocks Bosch Geothermal heat pumps. Bosch has an extensive list of heat pumps that are extremely efficient and reliable.
Interested in learning more? Contact our specialist, Andre Buquoi, at (678) 632-9612 or Andre.Buquoi@ferguson.com