Geothermal energy made affordable.
Right now, there are several substantial rebates and incentives for geothermal installations and upgrades available on local, state, and federal levels. For more information, please see these resources:
Comprehensive database of state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency.
Energy Star >
Information about federal tax credits for the purchase of energy-efficient products and renewable energy systems for homes.
Energy Trust of Oregon >
Nonprofit organization dedicated to helping Oregonians save energy, tap renewable resources and build a sustainable energy future.
Federal Residential Renewable Energy Tax Credit >
Information about 30% uncapped, dollar for dollar federal tax credit on the total cost of a geothermal system installed by Geonomic.
According to the Department Of Energy, heating and cooling account for an average of 56% of the energy use in a typical U.S. home, the largest energy expense for most households.
According to the National Energy Assistance Directors’ Association (NEADA), the average household spent over $1,340 on heating during the winter of 2009-2010, up more than 10% from previous winter.
According to the HBA, for every $1 in annual energy savings, home value increases an average of $20.
A simple system with substantial impact.
How geothermal heat pumps work:
A geothermal heat pump provides heating, cooling, and hot water to a home or building – all while reducing energy consumption up to 80%. Instead of burning fossil fuels, geothermal heat pumps utilize the constant temperature of the earth found just a few feet below the surface – the only renewable energy resource that is available at every commercial and residential site of any size, 24 hours a day.
According to the Environmental Protection Agency, geothermal heat pumps are “the most energy efficient, environmentally clean and cost effective HVAC systems available,” reducing energy usage up to 80%.”