Geothermal Tax
Incentive Services
Discover the Benefit of Geo in Maryland
INCENTIVES COULD MAKE YOUR GEO
SYSTEM PRACTICALLY FREE*
Maryland is the only state with incentives that could practically offset the full cost of a geothermal system! Thanks to Maryland’s Renewable Portfolio Standard, geothermal heat pumps qualify for renewable energy credits. Electricity suppliers are obligated to accumulate these credits to meet requirements and avoid penalties. As a homeowner, you can earn money by selling these credits to businesses across the country. This, coupled with the 30% federal tax credit, could practically offset the full cost of your geothermal system! Take advantage of this extraordinary offer and experience the benefits of geothermal while saving money. *Based on the average cost for Maryland residents and incentives.
OTHER SERVICES
UP TO $38,000 IN RENEWABLE ENERGY CREDITS AVAILABLE TO MARYLAND RESIDENTS!
1 megawatt-hour (of renewable energy) = 1 Renewable Energy Credit (REC)
SELECT YOUR MARYLAND
ELECTRICITY PROVIDER…
| Initial Cost |
| Federal Tax Credit |
| Utility Rebate |
| Initial Total |
| Maryland REC Credit |
| Energy Savings |
| Final Cost |
| Standard Geothermal System |
|---|
| $40,000 |
| -$12,000 |
| Up to $3000 |
| $25,750 |
| -$24,000 (-2,400/yr @ 10 yrs) |
| -$30,000 (-1,200/yr @ 25 yrs) |
| Effectively FREE |
THE RELIABLE RENEWABLE
Geothermal is the only renewable that provides reliable operation 24 hours a day, 7 days a week, 365 days a year, making it The Reliable Renewable. By using the infinite energy source in the earth, a geothermal heat pump operates efficiently and effectively all year-round—rain or shine, day or night, windy or not. No matter what direction your house is facing or what climate you live in, your water furnace system will deliver.
