In 2018, Department of Energy passed a Federal Tax Incentive for geothermal ground source heat pumps. In the form of personal tax credits, these incentives save Dandelion customers thousands of dollars.
As a New York State homeowner, you qualify for the New York State Energy Research and Development Authority (NYSERDA) Ground Source Heat Pump Rebate initiative. To promote geothermal installations, NYSERDA allocated $15 million for heat pump installations. Dandelion is a NYSERDA approved Ground Source Heat Pump (GSHP) designer and installer, which means Dandelion customers qualify for NYSERDA incentives in addition to Federal Incentives.
For 2020, Federal incentives will cover 26% of a Dandelion geothermal system. However, the percentage covered by tax incentives will decrease next year with tax incentives covering 22% of GSHP system in 2021 and potentially 0% in 2022.SEE IF YOUR HOME QUALIFIES
The credit does not apply to equipment used primarily for pool or hot tub heating. It also does not apply to installation in rental homes.
Yes. Because the initiative is a finite amount of allocated money, rebates are offered on a first-come first-served basis, and will run out. Additionally, single family homes can only receive up to $15,000, buildings up to $500,000, a single site with multiple buildings up to $1 million, with no single designer or installer receiving more than $7.5 million.
The NYSERDA initiative consists of two tiers of rebates - for small and large systems. “Small systems” are systems will 10 or fewer tons of cooling capacity. For small systems, NYSERDA offers rebates of $1,500 per ton of cooling capacity. “Large systems” are systems that use 10 or more tons of cooling capacity that receive $1,200/per ton in rebates.
Ground source geothermal heat pumps like Dandelion’s qualify for these incentives.
Apart from state and federal incentives. Regional utilities such as Con Edison offer additional incentives to customers who are looking to install ground source heat pumps. Here’s a list of all the available utility incentives / rebates:
A geothermal heating and cooling system is basically made up of two parts: a geothermal heat pump that sits inside the home, and one or two underground pipes called “ground loops” that are installed in the homeowner’s yard.
Heat pumps do exactly what their name suggests: they use electricity to pump heat from one place to another. A refrigerator is an everyday example. To keep your food and drinks cold, your fridge uses electricity to pump heat from the inside of the refrigerator to the outside air. A geothermal heat pump works similarly: in the summer, when you want your home nice and cool, it moves heat from inside your home into the earth; in the winter, when you want your home warm and toasty, the pump moves heat from the earth into your home.
The ground loops are U-shaped plastic pipes, inserted 300 to 500 feet into the ground, that are used to exchange heat between your house and the earth. In the wintertime, water circulating through the ground loops absorbs heat from the earth, which is used to warm your home, and in the summertime your home is cooled by transferring the heat from your home into the earth.
Dandelion’s geothermal heating and cooling system replaces your existing heating, cooling and hot water equipment. The system includes a heat pump (roughly the same size as a furnace), water heater and smart thermostat which are each installed inside your home. The system also includes ground loops, or U-shaped plastic pipes, that are inserted a few hundred feet below the ground outside of your home.
The complete system is installed in two to three days. First the ground loops are installed in the yard by drilling one or two vertical holes just a few inches wide to depths of a few hundred feet. Ground loops are U-shaped plastic pipes that are used to exchange heat between your house and the earth. Dandelion has designed a clean drilling technology, so there will be minimal disruption to the yard. Finally, the heat pump, water heater and smart thermostat are installed inside of your home by a technician in just a few hours.
First check if Dandelion is available in your area; please visit our homepage and enter your zipcode. Dandelion will conduct an assessment that will inform you of how much money you’re likely to save by switching to Dandelion’s home geothermal system.
For qualified homeowners, Dandelion offers a home geothermal heating and cooling system for $20,000. Dandelion is partnering with a leading financing company to enable homeowners to switch to home geothermal energy with zero upfront costs and low monthly payments.
Geothermal heating and cooling is the cleanest and most efficient heating and cooling technology on the market. Because the system taps into a renewable resource, the earth, your heating and cooling source will never run out and monthly bills are predictable. An average homeowner who uses oil or propane to heat the home spends $2,500 a year on heating fuels, which averages to almost $210/month. With Dandelion's zero-down installation, homeowners can expect to pay less.
Dandelion’s home geothermal heating and cooling system simply requires changing the air filter in your home every 6 to 12 months. You’ll also be able to monitor the performance of your Dandelion system online.
The typical lifespan of a geothermal heat pump is 25 years. Closed-loop piping typically lasts for at least 50 years.
The Dandelion system is available to qualified homeowners in 11 counties in New York state: Dutchess, Ulster, Columbia, Greene, Rensselaer, Albany, Schenectady, Schoharie, Saratoga, Montgomery and Fulton.