The 30% federal tax credit for geothermal systems is back! Not only will you heat and cool your property at a fraction of the cost of gas or oil systems, but you’ll also pay a smaller net cost thanks to these state and federal incentives.
Please Note: Effective May 4, 2018, MassCEC now offers an incentive level limited to $2,000 per 12,000 BTU/hr of capacity (from the previous level of $3,500 per 12,000 BTU/hr). Despite this reduction, MassCEC believes that the total available incentives for residential GSHP installations will remain strong due to two recent developments: In December 2017, the Department of Energy Resources (DOER) announced the expansion of the Alternative Portfolio Standard (APS) to include GSHPs and other renewable thermal technologies; and in February 2018, the 30% Federal Tax Credit (ITC) for GSHPs was reinstated through 2019. MassCEC is also evaluating its commercial GSHP incentives, but no changes have been finalized. Feel free to reach out with questions. We look forward to continuing to work with you.
