Renewable Energy Tax Credit Rewards Green Homeowners
Great news for Idaho Falls, ID! Homeowners who install geothermal heating and cooling systems are eligible for increased tax incentives under the American Recovery and Reinvestment Bill of 2009. Under the previous legislation, a one-time tax credit of 30 percent of the total investment was offered for residential ground loop or ground water geothermal heat pump installations, with a maximum credit of $2,000 for a single residence. The new bill removes the $2,000 cap and offers homeowners the entire 30 percent tax credit. Commercial building systems installed after October 3, 2008, are also eligible for a credit
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