Geothermal Systems, LLC.

Tax credits for geothermal installations have changed.

As part of the economic stimulus bill signed on February 17th, 2009.

The $2000 limit on residential installations has been lifted.
Through 2016 the federal tax credit is now 30% of the installation cost with no limit. The equipment installed must meet the energy star and other requirements.

The installation of a commercial geothermal system allows for a 10% tax credit with no limitation on amount.

Incentive Type:	Personal Tax Credit
Eligible Renewable/Other Technologies:	Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies
Applicable Sectors:	Residential
Amount:	30%
Maximum Incentive:	Solar-electric systems placed in service before 2009: $2,000 Solar-electric systems placed in service after 2008: no maximum Solar water heaters placed in service before 2009: $2,000 Solar water heaters placed in service after 2008: no maximum Wind turbines placed in service in 2008: $4,000 Wind turbines placed in service after 2008: no maximum Geothermal heat pumps placed in service in 2008: $2,000 Geothermal heat pumps placed in service after 2008: no maximum Fuel cells: $500 per 0.5 kW
Carryover Provisions:	Excess credit may be carried forward to succeeding tax year
Eligible System Size:	Fuel cells: 0.5 kW minimum
Equipment/Installation Requirements:	Solar water heating property must be certified by SRCC or by comparable entity endorsed by the state in which the system is installed. At least half the energy used to heat the dwelling's water must be from solar. Geothermal heat pumps must meet federal Energy Star requirements. Fuel cells must have electricity-only generation efficiency greater than 30%.
Authority 1:	26 USC § 25D
Date Enacted:	8/8/2005 (subsequently amended)
Date Effective:	1/1/2006
Expiration Date:	12/31/2016
Authority 2:	IRS Form 5695 & Instructions: Residential Energy Credits

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