Residential Geothermal Tax Incentives |
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30% of total GHP system cost |
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No limit to credit for 2009 to 2016 |
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Can be used to offset AMT tax |
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Can be combined with solar and wind tax credits |
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Can be used in more than one year |
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Eligibility: |
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Home must be located in U.S. |
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Includes houses, apartments, condos, and mobile homes |
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Does not have to be your main home |
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Installed between 1/1/2008 and 12/31/2016 |
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Commercial Geothermal Tax Credit or
10% Grant |
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10% of total GHP system cost |
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No limit to total credit amount |
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Can be used to offset AMT Tax |
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Can be combined with solar & wind tax credits |
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Can be used in more than one year |
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10% grant available in lieu of tax credit |
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Accelerated Depreciation: |
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5 year MACR depreciation for entire GHP system |
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Eligibility: |
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Building must be located in U.S. |
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Original use begins with taxpayer |
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Installed between 1/1/2008 and 12/31/2016 |
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