Incentives
Recent developments in federal, state and local legislation have resulted in favorable tax incentives for geothermal projects. Note that funding and availability are subject to change. Please verify with your tax advisor. Additional information on state, local and utility incentives is available at www.dsireusa.org/
A federal investment tax credit, accelerated depreciation which applies to the entire geothermal system (including interior components) and state utility rebates all strongly contribute to the strong economics of GHP. In many cases, incentives alone (even before energy, water and maintenance savings) can result in paybacks as soon as three years.
Economically, a geothermal system is one of the best economic decisions a business owner can take.