FINANCING & INCENTIVES
Take advantage of tax credits and fight soaring energy prices
The primary reason to consider our GeoSmart Technology system is to save on your monthly utility bill, but another consideration is the tax incentives and financing available to homeowners.
Claim a 30% tax credit
on the total investment for this hybrid geothermal system with the American Recovery and Reinvestment Bill of 2009. The new tax credits expire on December 31, 2016. To qualify for the tax credit, residential systems must meet Energy Star requirements. GeoSmart Technology by Geremia is eligible. Homeowners simply file by completing form 5695 – the Residential Energy Efficient Property Credit on their federal tax return.
THE PACE PROGRAM
"Geothermal energy will have beneficial effects on the economy....Geothermal heat pumps are made in the United States. Every system installed requires skilled U.S. labor, and more installations mean more jobs. This is a homegrown solution to the energy crisis and a very good way to address the financial crisis at the same time."
according to Tim Shields, WaterFurnace International Chairman of the Board.
When should you consider installing the GeoSmart Technology system?
There are huge benefits by adding GeoSmart Technology as part of new pool construction.
It will lower the cost of installing a geothermal system by up to 60%. The pool portion of the ground exchange loop for the GeoSmart Technology system can be installed when constructing the pool, leaving it ready to complete the home comfort system installation at a later date.