Geothermal Tax Incentives
Once you have explored the world of geothermal energy and all of the energy and cost-saving benefits it has to offer, you will be even more pleased to know about the geothermal tax incentives available to you. There are currently energy tax credits from the U.S. government that will be effective through the year 2016. These credits provide a significant, unlimited 30% return on taxes for “qualifying homes,” which include: primary residence, second homes, existing homes, and new construction. Contact us at Waldrop for more information.
These energy tax credits applied to residential geothermal energy projects are a result of the American Recovery and Investment Act of 2009. The purpose is that taxpayers will obtain savings through rebates and incentives designed to encourage energy-saving home improvements as well as profitable business for contractors who specialize in alternative energy sources.
While geothermal and alternative energy sources may be a trendy topic, the truth is that the average HVAC contractor is not proficient in utilizing geothermal energy. However, at Waldrop Inc. we know what we are doing. Our professional technicians specialize in geothermal products and installation, so you can trust your project with the best in South Carolina and western North Carolina.
In addition to having valuable experience with geothermal energy for homes, we are familiar with the local climate, weather conditions and other factors specific to South Carolina and western NC and how they impact the usage of geothermal energy.
Let our more than 40 years of experience help you to find the right geothermal products, install them correctly, and then earn the valuable tax incentives to save you even more money. While you may have until December 31st, 2016 to qualify for the geothermal tax incentives, there’s no reason to wait until the last minute and risk missing out on the savings. Contact the geothermal professionals at Waldrop Inc. today to learn more about how you can take advantage of the geothermal tax incentives.