Great news! The expired geothermal tax credits have been fully restored retroactively for 2017 as part of the Bipartisan Budget Act of 2018.
Geothermal credits were extended through 2021 to bring them into parity with solar.
There is now a 30% tax credit for the costs of the geothermal energy technology installations from 2017 through 2019.
The credit will decline to 26% for 2020, to 22% for 2021, and then sunset on Dec. 31, 2021.
If you have been thinking about geothermal – and you should be – you now have a new opportunity to benefit from tax credits as well.
ENJOY the full 30% credit. Contact Advanced Custom Geothermal soon to get your installation on our schedule.