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A geothermal heat pump system is one of the possibilities that will qualify you for an energy efficient home tax credit. Apart from the incentive, the selection of this home sustainability improvement will give you access to additional important benefits.
The system uses a simple principle – the exchange of heat between the ground and a residential unit. This kind of installation is suitable for nearly every geographic location. According to the Environmental Protection Agency, this system is one of the most energy-efficient and environmentally clean space heating options that the market has to offer.
Incentives Available
An energy efficient home tax credit is available for anyone who executes this kind of project in the years until 2016.
The amount provided is 30 percent of the cost of qualifying equipment and the personal tax credit is available for a residential unit that is used as a primary home, a vacation place or a secondary residence.
Environmental Benefits
Heating, cooling and the use of hot water systems contribute to nearly 40 percent of the US carbon dioxide emissions, the US Department of Energy reports.
A geothermal heat pump system does not burn fossil fuel for the maintenance of a comfortable temperature in a residential unit. As a result, their environmental impact is limited and such systems will also provide higher quality of air inside the residential unit.
Energy Savings
The cost of buying a geothermal heat pump system is still relatively high in comparison to other heating and cooling options that the market has to offer. This kind of system, however, can produce serious energy savings in the long run.
The installation of a geothermal system can reduce the electricity consumption connected to heating and cooling by anywhere between 40 and 70 percent. On an annual basis, a household can save between 400 and 1000 dollars on the electricity bill. It’s easy to see how the investment will pay itself off in the years to come.
It’s also important to know that geothermal heat pump systems are more durable and long-lived than traditional air conditioning units. This is yet another reason why this kind of investment makes sense and why its popularity is growing all the time.
Suitable for Any Kind of Residential Unit
Unlike other heating and cooling systems, geothermal heat pump installations can be used in small spaces.
There are no fuel storage requirements for these systems, meaning that the amount of space necessary for the placement of the unit is limited.
The geothermal heat pump provides a lot of design flexibility, which is why the system can be installed in a new house or a property that has been constructed years ago. The system is very easy to conceal, thus enhancing the aesthetic appeal of residential property.
There is no rooftop equipment, which maintains the architectural integrity of the building. A geothermal heating system can be used at historic location or older properties without affecting their appearance and causing unpleasant anachronisms connected to the placement of outdoor equipment close to the house.
Considering this kind of energy efficient home improvement? The installation of a geothermal heat pump system brings a number of advantages that go beyond the availability of an energy efficient home tax credit. Such systems are becoming more popular and more accessible as time passes, which is why you should definitely give this project some careful consideration.
Steve Nanos
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