GOVERNMENT TAX CREDIT FOR GEOTHERMAL
BAIL OUT
FROM YOUR DEPENDANCE ON FOSSIL FUEL SYSTEMS
Purchasing a new FHP-Bosch Geothermal system has never been more cost effective than it is today. As part of the economic stimulus bill (H.R. 1424) passed in October 2008, a residential system installed between January 1, 2009 and December 31, 2016 is now eligible for a tax credit equal to 30% of the installed cost of the system with no cap.
Additionally, if the homeowner is not able to use the entire tax credit in the year the system is installed, they may carry the unused portion of the credit into the next year.
These Federal tax credits can also be combined with grants and other rebates from state and local governments.
For Commercial applications, 10% of the installed cost of a geothermal heat pump (minus and subsidies) is applicable for corporate tax credits as ITC.
Geothermal systems installed must meet ENERGY STAR requirements and the taxpayer will need to file IRS form 5695 to receive the credit. FHP-Bosch’s full line of geothermal heat pumps meets or exceeds ENERGY STAR ratings.
Visit www.boschtaxcredit.com for more information.