It should be understood that a tax credit is generally more valuable than a tax deduction of the same magnitude because a tax credit reduces the tax obligation directly, while a deduction only reduces taxable income. Therefore the reduction in tax is only a fraction of the deduction.

While it is expected to take many months for the IRS to release the updated forms and instructions for filing to claim this credit, it is expected that the credit will be treated as a refundable credit, so they not only directly reduce the amount of tax payable, they could bring a taxpayer’s tax obligation into the negative.

A tax credit of 10% of the total investment is also available without a maximum credit limit for commercial installations.

Geothermal / Geo-exchange Technology: Home and business owners worldwide are enjoying a high level of comfort, while significantly reducing their energy use with geothermal (ground source) heating and cooling systems.
Geothermal is the most energy-efficient, environmentally clean, and cost-effective space conditioning system available, according to the Environmental Protection Agency.

Alternative energy, wind, solar, geothermal heat pump and other new technology are changing the energy landscape worldwide. These technologies are leading to job and investment growth everywhere. The future is looking cleaner and brighter by the day.