Tax Credits for geothermal heat pump systems?

[SlyFerret]

Hey guys,
I was looking at a website this morning for a local company that does geothermal systems. I want to put one in at some point here. I got to thinking about it this morning and wondered if any of the tax credits that the feds are offering for energy efficient home improvements will apply to a geothermal central heat/air system.

Does anyone know the lowdown on this?

-SF

 

[Titus]

Hey guys,
I was looking at a website this morning for a local company that does geothermal systems. I want to put one in at some point here. I got to thinking about it this morning and wondered if any of the tax credits that the feds are offering for energy efficient home improvements will apply to a geothermal central heat/air system.

Does anyone know the lowdown on this?

-SF

From (broken link removed to http://www.energy.gov/taxbreaks.htm)

"Residential Renewable Energy Tax Credits
Consumers who install solar energy systems (including solar water heating and solar electric systems), small wind systems, geothermal heat pumps, and residential fuel cell and microturbine systems can receive a 30% tax credit for systems placed in service before December 31, 2016; the previous tax credit cap no longer applies."

The Energy Star website should have more info about qualifying heat pumps... likely those that carry the EnergyStar rating.
http://www.energystar.gov