What incentives / rebates are available for geothermal in Connecticut?
Geothermal (otherwise known as ground source) heat pumps, are the most efficient way to heat and cool your home without fossil fuels. Not only is it good for the environment, it can also save you money by eliminating your heating bill altogether.
To help save you even more money, the federal government, and the state of Connecticut via Energize Connecticut’s program, backed by Eversource and United Illuminating is offering very generous incentives to make going geothermal an even better decision.
Federal Geothermal Incentives
Through 2022, the Geothermal Federal Tax Credit allows you to deduct 26% of the cost of installing a geothermal heating and cooling system from your federal taxes. There’s no limit on it’s value. That incentive is set to go down to 22% in 2023 before being sunset altogether in 2024. So act fast, this reap the $10,000s of potential here.
Connecticut Geothermal Incentives / Rebates
Both Eversource and United Illuminating offer geothermal (ground source) heat pump incentives via the Energize Connecticut program (The following municipal utilities are not part of the CT DEEP program; Groton, Bozrah, Norwalk, Wallingford, and Norwich).
Here’s a breakdown of what’s being offered by Energize Connecticut. Heating fuel and propane customers can qualify for $1,500 / ton of incentive up to $10,000 per home (or a 6.67 ton heat pump). All other heating fuel types (including natural gas, electric resistance, etc) qualify for a $750 / ton rebate.
An average home (~2,500 square-feet) that heats with fuel oil or propane can qualify for a $7,500 rebate through this program.
To learn more about rebates, incentives, and credits available in your area, click here.
Dandelion is currently installing geothermal in parts of Fairfield County, CT. To see if your home qualifies click the button below.