Geothermal Systems
We’ve all heard the hype of geothermal heat pump systems. Between generous tax credits, environmental benefits and the staggering utility cost savings, they’ve become the focus of countless articles and news segments. With benefits like these, you’ve probably wondered if such a system would work for your home.
Climate Control is the region’s foremost leader in geothermal installation. We will perform and review a cost analysis and calculate a return on investment to determine if a GHPS is a good fit for you. Then we’ll review our findings with you, in terms you can understand.
If you’re building a new home or want to make your current home more efficient and comfortable, Climate Control will provide quality geothermal installation and service. If you already have a GHPS and need your heat pump repaired, we will efficiently determine the issue and discuss your best options, in terms you can understand.
Our professionals install and service more systems in northeast South Dakota than anyone and receive 10 times more industry training and testing each year than the industry average, giving us the knowledge and experience to do the job right the first time.
Select the “Benefits” and “How it Works” links to learn more about geothermal heat pump systems. We serve Aberdeen, South Dakota and the surrounding communities. If you’re in our area, give us a call to determine if a geothermal system is right for your home. We always offer upfront guaranteed pricing so that you don't have to deal with any surprises later. Call Climate Control today, we'll be happy to help you out!
Residential Tax Credits Extended
A 30% residential geothermal heat pump installation tax credit has been extended and can be retroactively applied to installations that were placed in service on January 1, 2022, or later. This tax credit is particularly attractive as there is no limit to the credit amount, and it can be used across multiple years. Moreover, this tax credit can offset alternative minimum tax (AMT), and it can be combined with solar and wind tax credits as well as energy efficiency upgrade credits.
If you're considering a geothermal heat pump installation for your home, now is an excellent time to do so. You can enjoy substantial cost savings and reduce your carbon footprint by taking advantage of this tax credit. Contact us to learn how to qualify.
Commercial Geothermal Incentives
The energy investment tax credit (ITC) allows commercial property owners to claim the cost of energy property. Even tax-exempt entities and state, local, and tribal governments can qualify for direct payments of the ITC. Recently, the ITC was extended with a 6% base credit rate and 30% bonus rate for geothermal heat pump property placed in use after Jan. 1, 2023. For an extra 10% bonus rate the manufactured product in the completed project must be made in the U.S.
Some properties may also qualify for 5-year accelerated depreciation and a 1-year bonus depreciation. A tax deduction of up to $5 per square foot is also available for projects meeting the prevailing wage and apprenticeship labor requirements. These tax incentives make it even more worthwhile to invest in green energy and promote sustainable practices. Learn more from WaterFurnace and contact us with any questions.
Geothermal Savings Calculator
Learn How Geothermal Works
Benefits of a Geothermal Pump
Evaluating Future System Needs
Having historical utility usage helps us determine what system would be most appropriate for your family. We can request this on your behalf but need a release form signed.