Category: energy savings

Inflation Reduction Act: Once-in-a-lifetime 30%-50%+ Federal Credits and Rebates for Geothermal HVAC

school with geothermal hvac

The 2022 Inflation Reduction Act brings great news for those interested in geothermal HVAC systems. This act offers tax credits and rebates for installing these systems in commercial buildings and other non-taxable entities. Why is this important? Geothermal HVAC is super efficient for heating and cooling, but it used to be quite expensive. The cost of drilling wells made the return on investment (ROI) take a long time, especially where utility rates are low. But that has all changed.