Many of the attractive tax credits offered for home improvements were reduced after the end of last year, but geothermal heat pump installations still come with a tax credit generous enough to add to your list of reasons to consider geothermal. The 30 percent tax credit for geothermal heat pump includes equipment, as well as installation, including the landscaping costs.

Geothermal heat pumps use the consistent temperature of the earth instead of fuel to heat and cool our homes and even heat our water. Efficiency is measured by how much energy it takes to heat or cool the home and how much energy is wasted in the process. The finest fuel burning heater can reach 95 percent efficiency, but because geothermal heat pumps use the earth for fuel, our out-of-pocket energy cost is the electricity used to move the heat from the ground to the home. These systems can reach 400 percent efficiency, drastically reducing our environmental carbon footprint!

The Residential Energy Efficient Property Credit doesn’t give us any money back if it eliminates our tax debt, but after the installation it can be used in a future tax year until at least 2016. With the amazing efficiency of Energy Star qualified geothermal heat pumps, special loans for energy efficient home improvements are available for some homeowners and businesses.

If you’re interested in making the switch to geothermal or learning about the tax credits and benefits of a system, give the professionals at LBA a call.

Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems).  For more information, click here to download our free Home Comfort Resource guide.

LBA services greater Kansas City and the surrounding areas. Visit our website to see our special offers and get started today!