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.

Amazing Financing

In addition, you can get up to 100% financing of any fixed property energy efficient improvements under the newly passed California AB811 Bill. Most cities and counties will be creating assessment districts that will provide this financing. Contact your local Tax Collection Division to learn more about your area. Property owners repay the installation cost through their property tax bill. If the property is subsequently sold, the assessment contract balance is transferred to the new owner.

THE PACE PROGRAM

It’s smart to take advantage of the tax incentives and the 100% financing to help fight soaring energy prices. One thing we can count on, long-term, is that energy prices are not going down! The local sacramento organization which provides geothermal financing is Yrene. See their website for detail and more in-depth information.
"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.

Think about GeoSmart if you're looking to remodel as well.
This will replace your current home HVAC with a BLUeQ™ heat exchanger by Shasta Industries and a WaterFurnace heat pump. This system will quietly pay for itself by significantly lowering your future energy costs.

The best times to install GeoSmart Technology

  • When planning to build, re-plaster or remodel your pool.
  • When faced with making major repairs to your pool equipment.
  • When considering the replacement of your HVAC system.
  • When pondering major landscaping changes to your backyard.
  • When considering the purchase of a new home.

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