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Geothermal Tax Credits

Good news for Grand Forks - Fargo Area homebuilders and commercial building owners! You may meet the requirements for a geothermal tax credit!

The Energy Improvement and Extension Act of 2008 (H.R. 1424) offers...

  • a one-time tax credit of 30% of the total investment for residents who install residential ground loop or ground water geothermal heat pumps.
  • a one-time tax credit of 10% of the total investment for building owners who install a commercial geothermal system.

Qualifying systems must meet or exceed EnergyStar requirements and be installed after December 31, 2007.

Grand Forks - Fargo Area geothermal system owners can file for the tax credit by completing the Renewable Energy Credits subsection on their federal tax return forms.

Geothermal tax credits are only offered through December 2016. Please consult your local Grand Forks - Fargo Area tax professional for guidance on taking advantage of them, as we at Ambient Geothermal cannot legally offer advice or endorsement of any financial strategy.

To inquire more about additional tax incentives that may be offered to you in North Dakota, visit www.dsireusa.org.

And to learn more about why you should consider installing a geothermal heating and cooling system in the first place, contact Ambient Geothermal.

Call us to set up an appointment!   701-757-1294


About Ambient Geothermal

Ambient Geothermal has provided Grand Forks - Fargo Area geothermal heating and cooling solutions for many years. We proudly offer Grand Forks - Fargo Area WaterFurnace geothermal systems and stand behind our quality work and products. Call us at Ambient Geothermal today. We are ready to bring you into the Grand Forks - Fargo Area geothermal family.

 
 
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