26% Federal Geothermal Tax Credit, Rebates & Grants
Geothermal heat pumps are similar to ordinary heat pumps; however, geothermal HVAC systems use the ground, instead of the outside air, to provide heating, air conditioning, and, in most cases, hot water. Due to the fact that geothermal systems are the most efficient heating and cooling systems available, the United States federal government has enacted a 26% federal geothermal tax credit with no upper limit.
26 % Federal Geothermal Tax Credit Requirements*
|#||Closed Loop||Open Loop||Direct Expansion:||Maryland Geothermal Grants:|
|1||EER ≥ 14.1||EER ≥ 16.2||EER ≥ 15.0||EER ≥ 15.5|
|2||COP ≥ 3.3||COP ≥ 3.6||COP ≥ 3.5||COP ≥ 3.5|