You Could Be Keeping Cool With Geothermal A/C: Ask About Tax CreditsToday, not only is everyone concerned with the economy but the environment as well. “Going green” and reducing your carbon footprint have become common household terms. If you’re not doing your part, there’s even a certain amount of peer pressure to encourage you to find ways to make the change. One way you can do your part for the environment, and save yourself a lot of money on your power bill, is by taking advantage of alternative energy resources. If you’re looking at replacing your air conditioning system, now may be the time to take a close look at a geothermal heat pump.

Geothermal energy takes advantage of what is known as the “thermal gradient” of the earth for heating, cooling and even power generation. A geothermal system takes advantage of this gradient to efficiently heat and cool your home while effectively reducing your power bill in the process. Replacing your existing system with a geothermal system will actually pay for itself over time.

However, installing a new HVAC system isn’t cheap. There’s no two ways about it. Even installing a conventional system will cost thousands of dollars. One great thing about installing a geothermal system is the fact that there are all kinds of tax credits, rebates, financing options and other incentives to help you defray the costs of having one installed. The federal government will give you a 30% tax credit on your entire installation, except for ductwork. Most state and many local governments also offer tax credits and your local power company and HVAC contractor may have rebates and financing options that encourage geothermal system installation.

Between the tax credits, rebates and financing, installing a new geothermal system may actually cost you a lot less than installing a conventional system. If you’re in the Northwest Arkansas area, contacting a great HVAC contractor like Paschal Heat, Air & Geothermal to see what your options are can save you thousands of dollars on installation costs. If you’re looking for ways to save money and have a positive ecological impact, you seriously need to look at geothermal.

Our goal is to help educate our customers in Springdale, Arkansas about energy and home comfort issues (specific to HVAC systems).  For more information about geothermal A/Cs and other HVAC topics, download our free Home Comfort Resource guide.

Credit/Copyright Attribution: “sheff/Shutterstock”