GET MORE FROM
YOUR GROUND...
LET THE GROUND YOU WALK ON HEAT AND COOL YOUR HOME FOR VIRUALLY FREE!!!
WHAT IS GEOTHERMAL?
Geothermal is a type of heating and cooling system that uses the constant temperature of the earth as the exchange medium instead of the outside air temperature. Some refer to geothermal as GeoExchange, ground-source, or water-source heat pumps and have been in use since the 1940s. From the scorching heat to the sub-zero cold, below the ground the earth's temperature remains at at relatively constant temperature. Depending on the latitude, ground temperatures range from 45 degrees F to 75 degrees F, therefore the ground temperature is warmer than the air temperature. A geothermal system takes advantage of this by exchanging heat with the earth through a ground heat exchanger. The installation cost is typically returned to you in energy savings in 5-10 years. The system life is estimated at 25 years for the interior components and 50+ years for the exterior components. There are approximately 50,000 geothermal heat pumps installed in the United States each year.
HOW DOES GEOTHERMAL WORK?
TYPES OF GEOTHERMAL SYSTEMS
ASK US WHAT TYPE OF SYSTEM IS BEST FOR YOU!
GEOTHERMAL SYSTEM ADVANTAGES
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ENERGY EFFICIENT, LOWER YOUR HEATING & COOLING COSTS
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GREEN TECHNOLOGY
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QUIETER SYSTEM
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LAST LONGER COMPARED TO A AIR HEAT PUMP, DEPENDABLE FOR DECADES
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LITTLE MAINTENANCE
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DOES NOT DEPEND ON OUTSIDE AIR TEMPERATURE
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EXCELLENT RETURN ON INVESTMENT
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SAFE, CLEAN & RELIABLE SOURCE OF ENERGY
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ENVIRONMENTALLY FRIENDLY
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REDUCED DEPENDENCE ON FOSSIL FUELS
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HOT WATER HEATING. SUPER EFFICIENT MODELS CUT YOUR WATER HEATING COSTS BY HALF!
TAX CREDIT INCENTIVES
Geothermal systems are eligible for tax credits! There are State tax credits, BGE credits, and County tax credits.
Federal Tax Credit:
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30% of total system cost
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No limit to credit amount
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Can be used to offset AMT tax
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Can be used in more than one year
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Can be combined with solar and wind credits
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Eligibility:
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Home must be located in US
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Does not have to be your main home
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Includes houses, apartments, condos, mobile homes
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Geothermal heat pump must meet Energy Star requirements
Claiming the credit:
Please use IRS Form 5695 or talk to your accountant.
Example:
Taxpayer spends $12,000.00 to install heat pump and duct work in home and spends $10,500.00 on the exterior drilling for a total of $22,500.00 spent on installing geothermal. The taxpayer is eligible for 30% tax credit: $22,500.00 x 30% = $6,750.00 credit. This brings the total cost for system to 15,750.00!
Resources:
http://energy.gov/savings/residential-renewable-energy-tax-credit
https://www.irs.gov/pub/irs-pdf/f5695.pdf
State of Maryland Tax Credit:
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$3,000.00 credit per project (capped) for new geothermal installations
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As of 10/14/14, geothermal installations that are replacing an existing geothermal unit will no longer be eligible for the $3,000 grant. In order to receive this grant, homeowners must install an entirely new geothermal system with the accompanying loops or wells.
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As of 10/14/14, geothermal heat pump replacements will be eligible for a $500 grant.
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Grants are allocated on a first come/first served basis across technologies and are subject to change in amount and existence based on funding availability
Claiming the credit:
You can apply on online at http://energy.maryland.gov/residential/Pages/incentives/CleanEnergyGrants.aspx
BGE Smart Energy Savers Program:
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$1,500.00 REBATE PER UNIT INSTALLED
Claiming the credit:
​https://www.bgesmartenergy.com/residential/help-me-save/heating-cooling
County Property Tax Credits:
Each County varies in the property tax credit incentives. Please visit each Counties website for more information.
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Harford County $2,500.00 tax credit http://www.harfordcountymd.gov/1291/SolarGeothermal-Energy-Tax-Credit
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Baltimore County $5,000.00 tax credit http://www.baltimorecountymd.gov/Agencies/environment/sustainability/residents.html
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Anne Arundel County $2,500.00 tax credit http://www.aacounty.org/forms-and-publications
GEOTHERMAL TAX CREDIT REINSTATED!!!
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30% OFF ENTIRE GEOTHERMAL SYSTEM!
Geothermal Renewable Energy Credits:
Geothermal Systems installed in Maryland are eligible for renewable energy credits! Renewable Energy Credits (RECs) certifies the bearer owns one megawatt-hour (MWh) of electricity generated from a renewable energy resource. Renewable energy credits are tradeable, non-tangible commodities that represent proof that 1 MWh of electricity was generated from a renewable energy resource and was then fed into the shared system of power lines that transport energy. The average geothermal system generate 40 GRECs each year. GRECs are included in the State of Maryland’s Tier 1 REC category. The Maryland Geothermal Renewable Energy Credit program started in 2013 and was revamped for geothermal installations in 2023. An end date to the program is not on the horizon. With very rare exceptions, all geothermal systems installed in Maryland during the last 20 years qualify for the renewable energy credit program. Geothermal systems installed in 2005 or older will be evaluated on a case by case basis.
There is no sales tax on geothermal heat pumps in Maryland, and your heat pump won’t increase your property taxes.
Ask us about Financing!
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We offer financing through the Clean Energy Credit Union!
So your interested in geothermal and want to know what your final cost would be?
We would recommend calling us to set up an appointment to determine your scope of work.
Below is an example based on a 2,000 sq ft house in Baltimore County.
Total Cost of System: $25,000.00
State of MD Tax Credit: ($3,000.00)
Baltimore County Property Tax Credit: ($5,000.00)
BGE Energy Saver rebate: ($1,500.00)
30% Federal tax rebate: ($7,500.00)
Net Investment: $8,000.00
Figure out your energy savings with this neat savings tool:
http://savings-tool.enertechgeo.com/?dealer_key=EBBD5878-026F-932C-66B2E79134A4CDF9
