GEO, the Geothermal Exchange Organization, represents the economic and environmental benefits of geothermal heat pumps. For more information, please visit: www.geoexchange.org.
The Inflation Reduction Act’s major incentive for the installation of a qualified geothermal system is a 30% federal clean energy credit, which can be used at filing time to offset taxes owed or add to any refund.
Geothermal heat pumps tap into a renewable source of energy to provide comfort for a home, and HVAC contractors can tap into this market for increased sales.