NEW Information on Geothermal Tax Credits & Incentives Available

Genius Geothermal Homeowners by Colorado Geothermal Drilling

If you are thinking about installing a geothermal system or recently became a new Genius Geothermal Homeowner, there are numerous incentives, rebates, and tax credits available. Below we’ve shared a few links to find more information about the ever changing programs available to you so you can benefit from American made clean energy.

The Inflation Reduction Act (IRA) provides support for clean energy transition in multiple ways. There has been new information from the federal government regarding Tax Credits for Geothermal.

For Tax Years 2023-2032, tax credits are available for Geothermal Heat pumps as well as other Energy Efficiency Upgrades. Check often as information can be updated. Always consult with your Tax Preparer about all available incentives and tax credits.

Colorado Energy Office

Federal Government Clean Energy For All

Also check with your local utility company for potential incentives and rebates for installing a geothermal system. Xcel, United Power, and Poudre Valley Electric Coop all offer rebates for geothermal as well as other energy efficient upgrades.

By K. Rau