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With fuel prices skyrocketing the efficiency of Geothermal energy is more popular than ever!
If you are a heating contractor or home builder we simplify the process by doing all of the outside work, getting the earth connections through the wall ready to connect to your heating equipment. You handle the inside work the same as any other job! Easy!
Whether its a new installation or an upgrade we provide the Geothermal Drilling, Pipe fusion and earth connection for your home, business or municipal project. You'll have the efficiency of Geothermal and the peace of mind that you selected the best!
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| Contact |
Lee Wicker - Vice President Domestic Group |
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James Long - Office Manager, Somerset |
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Michael Kohler - Project Manager, Residential |
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Robert Webb - Warehouse Manager/CCS Estimator |
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Keith Shanahan - Water Quality Project Manager |
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L. David Wetzel - Project Manager, Residential |
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Scott Yeager - Domestic Service Manager & Dispatcher |
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TAX CREDIT INFO
The Stimulus Bill signed by the President on February 17th eliminates the $2,000 limit on the 30% tax credit for homeowners who install geothermal heat pump systems in 2009 and later years. For systems placed in service in 2008, the $2,000 limit still applies So, for example, if a homeowner pays $15,000 for a geothermal heat pump system installed in 2009, a tax credit of $4,500 could apply.
A credit of 10% of the total investment is also available (no maximum) for a commercial system installation.
For systems placed in service in 2008, use IRS 2008 Form 5695 for the Residential Energy Efficient Property Credit to claim the $2,000 tax credit for Energy Star geothermal heat pumps. You can view and download the form at the following link: http://www.irs.gov/pub/irs-pdf/f5695.pdf Line 18 on the form is where you enter "Qualified geothermal heat pump property costs", Line 19 is where you multiply costs by 30%, and Line 20 displays the $2,000 "Maximum credit amount" for 2008.
If you use TurboTax, look for the "Home Energy Credits" topic under Personal Deductions and Credits for Your Home. TurboTax provides an input box to enter the amount you paid for Geothermal heat pump property in 2008. As usual, contact your tax professional for applicability to your specific situation. |