Geothermal Tax Credits for Columbus Residents

Looking to save big money on the installation of that geothermal heating and cooling system you’ve always longed for? Well, this could be your lucky day!

The Bipartisan Budget Act of 2018, passed in February 2018, reinstates the Residential Energy Efficient Property Credit for fuel cells, small wind systems … and geothermal heat pumps. Regarding the latter:

  • This credit will stay in effect from now through December 31, 2021.
  • It covers 30% of allotted expenditures for systems placed in service between now and December 31, 2019.
  • A gradual step-down in credit value is scheduled for each year following, so if you’d like the full 30% credit, you’ll have to act fast.
  • Retrofit systems are accepted as “placed in service” when they’re fully installed and ready for use.
  • Systems for newly constru|ere]36]cted or newly renovated homes are counted as “placed in service” on the date you, the homeowner, take occupancy of the home.
  • The home doesn’t have to be your primary place of residence.
  • Your geothermal heat pump is required to fulfill all federal ENERGY STAR criteria.
  • To claim the Residential Energy Efficient Property Credit, you’ll have to finish and file IRS Form 5695.

For more specifics, check out our blog.

While we at Patriot Air Comfort Systems would love to see you install a geothermal heating and cooling system for your Columbus home, we cannot legally prescribe any financial scheme for doing so. We can, however, recommend that you meet with an area tax professional. He or she can direct you on how best to profit from geothermal tax credits in light of your unique financial situation.

If you’re eager to discover more about what other energy-related tax incentives might apply to you at the federal, state, and local levels, visit This is a unique resource that provides state-by-state information on scores of policies and incentives designed to stimulate  renewable energy and energy efficiency.

And remember: When you’re ready to install a geothermal heating and cooling system in your home, see the Columbus geothermal experts at Patriot Air Comfort Systems. We’ll get the job done right – to help you start saving both energy and money right from the start.