Use the Energy From the Earth to Heat and Cool Your Home
The PSEG Long Island ground source heat pump rebate is now $1,000 or $2,000 per ton depending on the efficiency level of the equipment. In addition, we aligned our requirement to match ENERGY STAR®. These changes more than doubled a three ton ground source heat pump system rebate from $1,200 to $3,000 (or from $1,600 to $6,000 for tier 2 systems).
Residential Energy Efficiency Property Credit
Your energy efficient geothermal systems may also qualify for a federal tax credit. The Bipartisan Budget Act of 2018 reinstated the residential renewable energy tax credit for renewable technology including ground source heat pumps. You may claim a tax credit of 30% for qualifying systems, by using IRS Form 5695 . Please consult with your tax accountant and your ground source heat pump installer for more details.
Have your geothermal system properly installed by one of our geothermal installation partners.
For Geothermal Contractors
Please see the following geothermal documents: