Juniper Geothermal
Office hours: Mon-Fri 8:00am – 4:30pm
Phone: (207) 333-2155
Email: Juniper Geothermal

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WaterFurnace Geothermal Heating, Cooling & Hot Water
Factory-Certified WaterFurnace Dealer
Complete Sales & Installation

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INCENTIVES AND CRITERIAS:

Geothermal Systems

tax credits

Link to "Understanding the Federal Tax Incentives for Geothermal Heat Pumps"

Efficiency Maine incentives: 
http://www.efficiencymaine.com/renewable-energy/

Energy Star specifications for geothermal heat pumps:  https://www.energystar.gov/products/heating_cooling/heat_pumps_geothermal/key_product_criteria

For residential applications, geothermal heat pump systems (new, retrofit, primary and non-primary residences) are eligible for a 30% tax credit with no cap. The 30% residential tax credit has the effect of making geothermal systems cash flow positive at today’s energy prices in virtually every market. The previous $2,000 cap has been removed. Water-to Water Units now qualify for residential tax credit.

For commercial projects, there is a 10% federal tax credit or grant and 5 year accelerated depreciation.

For non-profits and municipal projects, 10% grants are available in lieu of tax credits.

For the latest updates on GEO qualifications on residential projects, visit the Government Energy Star website

Maine links for Permitting and Tax Credits, Rebates, and Energy Efficient Loans available.
Maine Permitting: Residential/Commercial (PDF)
Maine Permitting: Supplemental Geothermal Well Information Form (PDF)
Efficiency Maine Credits, Loans and Rebates
Efficiency Maine Program Manager: Shirley I. Bartlett, 18 State House Station Augusta, ME 04333-0018, Ph:: 207-287-3318, Fax: 207-287-1039

Some additional helpful links for Residential Geo Thermal Tax Credits
Energy Star on Geothermal Requirements (PDF)
IRS Form 5695 For Residential Applications
H.U.D. - Energy Efficiency Mortgage Information
Dan Ellis Comments on Residential Tax Credits (PDF)
E-Star qualified ClimateMaster - Water-to-Water Geothermal Units (PDF)
E-Star qualified ClimateMaster - Water-to-Air Unit Ratings - (PDF)
Database of State Incentives
ClimateMaster Residential Tax Credit Certificate (PDF)
Super Saver vs. Basic Rate "A" Performance Metric (Excel Sheet)

Federal links for Geothermal Energy Tax Credits
How To Apply For Renewable Energy Grants
IRS Form 3468 For Commercial Applications (PDF)
U.S. Department of Treasury Application Page
Commercial Program Requirements (PDF)
Sample Application (PDF)
Guidance Document (PDF)
Commercial Systems: Renewable Energy Grants
USDA Energy Efficiency Rebate Program for Rural Projects
Vice President Biden releases "Recovery Through Retrofit Report" (PDF)

 

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Juniper Geothermal
Bob Hutchinson
124 Chandler Mill Rd
New Gloucester Me 04260
Phone: 207-333-2155
Email Us

 

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~ HOME ~ HOW GEOTHERMAL WORKS ~ PHOTO GALLERY ~

~ FAQ'S/TESTIMONIALS ~ CREDITS & INCENTIVES ~ LINKS ~ EMAIL US ~

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