Incentives of Geothermal

Learn About the Incentives of Geothermal HVAC Systems

26% Federal Tax Credit

ClimateMaster geothermal heating and cooling systems qualify for a recently implemented federal tax credit allowing homeowners to deduct a significant portion of the total geothermal system installed cost from their federal tax liability or tax due.

​The property credit provides 30% for systems placed in service by 12/31-2019, 26% between 12/31/19 and 1/1/2021 and 22% between 12/31/2020 and 1/1/2022.

Contact Comfortworks, Inc. to learn more about the incentives of geothermal systems.

​Claiming Your Credit:

IRS Form 5695 is used to claim the Residential Energy Credit.​

2018 Manufacturer's Tax Certificate

More Information Here

Incentives of Geothermal Can Come in the Form of Local Utility Rebates

Oklahoma Gas & Electric (OG&E)

Geothermal:
$1,000 per ton!
LIMITED FUNDING

Oklahoma Electric Cooperative, Inc. (OEC)

Geothermal:
$500 per ton!
5 Ton MAX

CK Energy Electric Cooperative

Free Ground Loop Installation!

PLUS - $1,000 per ton!

Edmond Electric

Geothermal:
$800 per ton!

Central Rural Electric Cooperative (CREC)

$750 per ton!

Canadian Valley Electric Coop

$375 per ton!

Cimmarron Eectric

$500 flat

Rural Electric Cooperative (REC)

$TBD

Incentives of Geothermal - Geothermal heat pumps are the most energy-efficient and environmentally friendly HVAC systems available

Geothermal technology uses a series of sealed piping loops buried in the ground that tap the renewable energy of the earth. These loops create a better heat transfer medium than traditional air source systems. It is so efficient that the U.S. Environmental Protection Agency has stated:​

"Geo exchange systems are the most energy-efficient, environmentally clean and cost-effective space conditioning system available today"

According to data supplied by the U.S. Department of Energy (DOE) Office of Geothermal Technologies, nearly 40% of all U.S. emissions of carbon dioxide (CO2) are the result of using energy to heat, cool and provide hot water for buildings. This is about the same amount of CO2 contributed by the transportation sector. Over twenty years, the carbon footprint reduction would be equivalent to planting 120,000 acres of trees or converting over 58,000 cars to zero emission vehicles. In most areas of the United States, geothermal heat pumps had the lowest CO2 emissions and the lowest overall environmental impact of any space conditioning technology evaluated by the EPA.