Geothermal Tax Credits
There are a number of tax credits and incentives are available to homeowners and business owners who install a ground source heat pump (geothermal) system.
Links to state and federal tax credits and incentives can be found below.
Federal Geothermal Tax Credits and Incentives
Federal Personal Income Tax Credit of 30% of the total system cost, with no limit for Ground Source Heat Pump Systems.
Please see the Federal DSIRE page for additional geothermal tax credits and incentives.
Massachusetts Geothermal Tax Credits and Incentives
Massachusetts State Income Tax Credit of 15% or $1,000 (whichever is less) for Ground Source Heat Pump Systems. (830 C.M.R. 62.6.1)
Ground Source Heat Pump Systems are exempt from the State's 5% Sales Tax
(Mass. General Laws, Section 64H, Section 6(dd))
Please see the Massachusetts DSIRE page for additional geothermal tax credits and incentives.