Scott Brothers NC: Boone air conditioner repair, furnace repair and geothermal specialists
Expanded Geothermal Tax Credits
Homeowners who install geothermal heat pump systems may be able to claim up to 30% of the installed costs in tax credits in the year the system is placed into service. the $2,000 tax credit limit has been removed. The geothermal tax credit has a longer term, form January 1, 2009 and expires December 31, 2016.
Lifetime Limit Removed
Homeowners that previously claimed tax credits in 2006 or 2007 are eligible for the full $1,500 limit.