Rebates and Tax Credits
There are currently rebates and credits for qualifying energy efficient upgrades to your home.
Idaho also has a state loan program where residents can receive up to $15,000 at a 4% rate for five years. For more information clink on the link below.
For a complete listing go to www.DSIREusa.org/
Here are the current credits, deductions and rebates for a qualified geothermal heat pump.
The main credit comes from the federal government in the form of a tax credit. The homeowner will receive a 30% tax credit on the initial cost of everything that makes their geothermal system function, with no price cap.
In Idaho, taxpayers receive an income tax deduction of 40% of the cost of a geothermal system. Taxpayers can apply this 40% deduction in the year in which the system is installed and can also deduct 20% of the cost each year for three years thereafter. The maximum deduction in any one year is $5,000. The total maximum deduction is $20,000.
If you currently have Avista as your utility provider you will not receive a rebate.
In Idaho, if Kootenai Electric is your provider you will receive a $3300 rebate.
In Washington, if Inland Power is your provider you will receive a $3000 rebate.
If you do not see your utility company listed go to www.dsireusa.org/ , select your state and choose residential incentives.
Idaho also has a state loan program where residents can receive up to $15,000 at a 4% rate for five years. For more information clink on the link below.
For a complete listing go to www.DSIREusa.org/
Here are the current credits, deductions and rebates for a qualified geothermal heat pump.
The main credit comes from the federal government in the form of a tax credit. The homeowner will receive a 30% tax credit on the initial cost of everything that makes their geothermal system function, with no price cap.
In Idaho, taxpayers receive an income tax deduction of 40% of the cost of a geothermal system. Taxpayers can apply this 40% deduction in the year in which the system is installed and can also deduct 20% of the cost each year for three years thereafter. The maximum deduction in any one year is $5,000. The total maximum deduction is $20,000.
If you currently have Avista as your utility provider you will not receive a rebate.
In Idaho, if Kootenai Electric is your provider you will receive a $3300 rebate.
In Washington, if Inland Power is your provider you will receive a $3000 rebate.
If you do not see your utility company listed go to www.dsireusa.org/ , select your state and choose residential incentives.
Northwest Geothermal. LLC
11904 North Emerlad Drive. Hayden, ID 83835
1-208-819-1413
11904 North Emerlad Drive. Hayden, ID 83835
1-208-819-1413
