The federal government will help you save money on your heating and cooling costs if you install a geothermal HVAC system in your home. As reported in the Louisburg Herald, home owners who install a geothermal system before December 31, 2016 can receive a renewable energy tax credit. The tax incentive reimburses for 30 percent of installation costs of a geothermal system and the credit is retroactive to January 1, 2009, according to the article.
Geothermal heating and cooling systems tap into the vast free solar heat energy stored in the earth. The systems use a series of pipes buried in the ground to move heat into the home during cold weather and remove warm air in the home during hot weather. Whether you are an HVAC contractor in Cleveland or a homeowner in Boston, a geothermal HVAC system might be a good choice for you.