Geothermal Tax Credits

Act quickly to save the most on your installation—this tax credit will drop to 22% in 2023 before expiring altogether:

• 26% of total system cost in 2022
• 22% of total system cost in 2023
• No limit to credit amount
• Can be used to offset alternative minimum tax (AMT)
• Can be used in more than one year
• Can be combined with solar and wind tax credits
• Can be combined with energy efficiency upgrade credits