For qualified improvements, homeowners may be able to claim tax credits equal to 30% of the installed costs (up to $1,500)

The tax credits are retroactive to January 1, 2009 and expire on December 31, 2010.  The $1,500 limit is for all improvements made during the two year term, not $1,500 each year. 

Expanded Geothermal Tax Credit---Homeowners who install geothermal heat pump systems may be able to claim 30% of the installed costs in tax credits in the year the system is placed into service.  The $2,000 tax credit limit on geothermal systems has been removed.  Credit would be 30% of total costs.

Contact us for information on all systems that qualify for these credits.