Geothermal Tax Credit

01.01.2017 Note:  The Geothermal Tax Credit has not (yet) been extended past the December 31, 2016, expiration date.   The Congress is working on a tax extender package, but what exactly will be in it is as yet unclear.  Page information will be updated as new information is obtained.

Qualifying geothermal heat pump models 'placed in service' between January 1, 2009 and December 31, 2016, are eligible for a one-time tax credit of 30% of the installation cost (no maximum dollar amount limitation) under the American Recovery and Revitalization Act of 2009.

Note:  Recent clarifications issued by the IRS Notice 2013-70 explain that the distribution system for the home and back-up emergency heating or cooling system are not eligible for the tax credit.

It is recommended to consult with a tax preparer about receiving this credit. No proof of purchase will be required; however in case of an audit, owners are encouraged to keep a detailed invoice of their purchase on file. The contractor who sold and installed the system should list the purchase as a “Geothermal Heat Pump” on the invoice and that it “Exceeds requirements of Energy Star program currently in effect”. The taxpayer must have a copy of the Manufacturer's Certification (see link below). A copy of the Manufacturer's Certification document is not submitted with the taxpayer's return, but must be retained by the taxpayer for tax records

Qualifying Bard Units:

GeoTec Series

  • GV27S
  • GV38S
  • GV51S
  • GV61S
  • GV71S

Geo-Trio Series

  • GTC36S
  • GTC48S
  • GTC60S

Geo-Delta Series

  • GW0241S
  • GW0361S
  • GW0481S
  • GW0601S
  • GW0701S