Geothermal Tax Credits

Flynn Drilling Company is proud to announce that Geothermal Tax Credits are back! On Friday February 9th the U.S. geothermal heat pump (GHP) industry scored a victory for its workforce as federal legislation was passed to extend federal tax credits for residential and commercial installations of GHPs retroactive Jan 1, 2017-2022. This is great news for anyone who has had a GHP system installed last year or plans on installing one in the next couple years to come. The budget deal passed extends up to a 30% tax credits for residential geothermal applications and 10% for commercial applications. If you are building a home or commercial site in the near future, please consider installing a geothermal heat pump system for your HVAC needs. Not only will you be installing the most efficient heating and cooling technology in the world, you will benefit from dramatically lowering your utility bills as GHPs can save up to 75% more energy than your conventional HVAC equipment.  Also check with your local HVAC or Electric COOP for additional tax benefits as well. Flynn Drilling has been helping install geothermal heat pump systems for over 30 years.  We utilize modern equipment and highly qualified personnel to achieve superior results on all geothermal projects.  Flynn Drilling is an Accredit Installer of the International Ground Source Heat Pump Association (IGSHPA) and North American Technician Excellence (NATE) certified.

For more information on the GHP tax credits approved by congress please see these articles:

http://files.clickdimensions.com/enertechgeocom-av02g/files/geo-tax-credit-press-release.pdf?_cldee=ZGFubnlAZmx5bm5kcmlsbGluZy5jb20%3d&recipientid=contact-cd3aa7b7c28fe61180f05065f38a4b91-07318f6aa7934565a1ca2a613a0e5712&esid=0672f7cd-f80c-e811-8149-e0071b6a7031

https://www.forbes.com/sites/ashleaebeling/2018/02/09/budget-deal-revives-expired-individual-tax-breaks-for-homeowners-students-and-environmentalists/#109dff0c7452

For more information on the benefits of a GHP system please refer to:

https://www.geoexchange.org/geothermal-benefits/