ECAM : Geothermal Ground Coupled Heat Pump Tax Credit : Heat Pump, Mini-Split Heat Pump
Rebate Overview
Overview
The Geothermal Ground Coupled Heat Pump Tax Credit is a fantastic opportunity for homeowners in New Mexico. You can receive a refundable tax credit for 30 percent of the cost of a geothermal ground coupled heat pump system, up to a maximum of nine thousand dollars. This means you could save between zero and nine thousand dollars on your new system.Benefits
Upgrading to a geothermal heat pump can make your home more comfortable and energy-efficient. These systems help reduce your energy bills and increase your home's value. Plus, they contribute to a healthier environment by lowering pollution from traditional heating methods.More Information
To qualify for this tax credit, you must be a New Mexico taxpayer. The credit applies to the cost of installing a geothermal ground coupled heat pump system. 10/01/2023Details
- Expiration date: December 31, 2034
- Incentive type: Tax Credit
- Maximum Amount: $ 9,000.00
- Maximum Percent: 30.0%
- Link: More details
Maximize Your Savings with QuitCarbon
QuitCarbon's free, expert guidance makes it simple and affordable to get fossil fuels out of our homes. We've helped thousands of homeowners with planning, installation, and rebates on upgrades like heat pumps, mini-splits, induction cooking, and EV chargers.
QuitCarbon is a certified B Corp and ENERGY STAR® partner that provides free assistance with clean energy upgrades.
Get Started Today
QuitCarbon will maximize your cost savings with holistic planning, guidance on rebates, introductions to vetted contractors, and expert bid reviews.
Click the button below to create your Home Profile and get started.
Questions? Comments?
We're here to support you through every step of the process — all for free! Please don't hesitate to get in touch!