Geothermal 30% Tax Credits Reinstated in 2018
Generous tax breaks for home solar got extended in the last go-round of budget negotiations, however geothermal home energy systems were left out. Now that’s fixed. For geothermal systems placed in service from Jan. 1, 2017 through 2019, the credit is 30% of the cost of the system, and then it drops to 26% for 2020 and 22% for 2021. It sunsets on Dec. 31, 2021. (That's the same phase-out schedule home solar is on.)
So, now's the time to invest in clean and energy efficient GeoThermal Systems. Don't get left out in the cold! Check here for more info.