The energy tax credit can be combined with solar and wind credits as well as energy efficiency upgrade credits. A 26% federal tax credit for residential ground source heat pump installations has been extended through December 31, 2022. The incentive will be lowered to 22% for systems that are installed in 2023, so act quickly to save the most on your installation.
Based on current rates, you may save 20 percent or more on the space heating portion of your bill. Your savings will depend on your usage. Find out how...
In addition to the federal tax credit, some state, local, and utility incentives may be available in your area for even more savings on installing a geothermal heat pump. Check out the Database of State Incentives for Renewables & Efficiency (DSIRE) website to find policies and incentives in NH.
The Geothermal Heating & Cooling System federal tax credit has been extended through 2023