State of NY : New York State Geothermal Energy Credit : Heat Pump
Rebate Overview
Overview
The New York State Geothermal Energy Credit is a tax credit that helps homeowners save on the installation of geothermal heat pump systems. You can receive a 25 percent tax credit, up to a maximum of ten thousand dollars. This credit is non-refundable but can be carried forward to future tax years.Benefits
Upgrading to a geothermal heat pump system can make your home more comfortable and energy-efficient. It can also increase your home's value while helping to reduce pollution from traditional gas appliances. This is a great way to invest in your home and contribute to a cleaner environment.More Information
To qualify for this incentive, you must install a geothermal heat pump system. The tax credit is applicable for installation costs and can significantly reduce your upfront expenses. 10/01/2023Details
- Incentive type: Tax Credit
- Maximum Amount: $ 10,000.00
- Maximum Percent: 25.0%
- Link: More details
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