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THE FACTS |
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Under the federal Energy Policy Act of 2005, the federal tax credit for residential energy property initially
applied only to solar-electric systems, solar water heating systems, and fuel cells. |
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Effective January 1, 2008, The Energy Improvement and Extension Act of 2008 extended the tax credit to small
wind-energy systems and geothermal heat pumps. |
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The Energy Improvement and Extension Act of 2008 included an extension of the credit to December 31, 2016. |
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The Energy Improvement and Extension Act of 2008 included the ability to take the credit against the
alternative minimum tax. |
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The American Recovery and Investment Act of 2009 removed the maximum credit amount for all eligible
technologies (excluding fuel cells) placed in service after 2008. |
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There is currently no maximum credit for geothermal heat pump systems placed in service after 2008. |
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If the installation is in a new home, the "placed in service" date is the date of occupancy by the homeowner. |
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The geothermal heat pump system must be placed in service on or after January 1, 2008 and on or before
December 31, 2016. |
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The geothermal heat pump system must meet federal Energy Star program requirements in effect at the time the
installation is completed. |
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WE CAN HELP |
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ECS provides design, installation and service management for geothermal heating and cooling systems. The ECS
team of certified geothermal designers and installers will work with you and your architect to provide a
customized program to meet your heating, cooling and hot water needs. ECS provides a full, one-year warranty on
the entire geothermal installation. An extended warranty can be purchased with our service contract. Your service
contract will include a minimum of two annual service calls to inspect, balance and maintain your geothermal
equipment. |
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It would be our pleasure to set up a consultation and
preliminary energy audit to determine whether your
residence is a candidate for the installation of a geothermal
system. ECS will provide you with a detailed cost evaluation,
including the 30% federal tax credit described above, as well
as any additional state and local incentives and simple
payback analysis for proposed upgrades. Give us a call today
at (800) 789-3530. |
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