Geothermal Tax Credit
If you are debating to install or replace your “Geothermal” Heating and Cooling system this year (2016), you may want to consider this…the 30% geothermal tax credit for installing a new system or replacing an existing system is scheduled to expire on December 30th, of this year, 2016. However, there is talk about the Government extending the program into the future. How much would you like to gamble?? Would you place your dollars on the chance of this credit getting extended??
So, What’s Actually at Stake
The fact is, older systems are less energy efficient, and eventually will require extensive repairs and replacement of critical hardware and equipment. Here’s what’s at stake. A brand new Geothermal System starts at around $21,000. If you placed your money on the extension of the tax credit, you’ll be risking $6,300 in tax credits if you wait another year (please consult your tax advisor). That’s not to mention the lost energy savings in the more efficient systems that are being used today. Call R.E. Sanders to find out how easy it is to use the energy in your backyard to heat and cool your home, the sooner you act the sooner you can save.
For additional information on installing or replacing your Geothermal Heating/Cooling System call us today at (717)843-7894, and ask for Joel to set up an in home consultation. Or, if you prefer, log onto www.resandersplumbing.com and leave us a message or click to chat. While you’re there, be sure to subscribe to our blog for the most recent and up to date trends in the heating and cooling, plumbing, and electrical industry.