E&J Electric NEW Tax Rebates!
The US federal government is now offering a 30% tax credit to install qualified geothermal systems in existing homes as well as new homes.
  • 30% of ALL Geothermal Installations-YES that includes on existing homes!
  • Average Residential Credits range between $5000-$7500
  • Utility Company Rebates range between $1200-$4500
Now is the time to go green!
Do Your Part.  Be Rewarded.  Save Money.
Commercial Tax Credits
Federal Income Tax Credit:
  • 10% of total system cost
  • No limit to total credit amount
  • Can be used to offset AMT tax
  • Can be used in more than one year
  • 10% grant available in lieu of tax credit
  • Can be combined with solar and wind tax credits
  • Can be combined with energy-efficient building deduction

Accelerated Depreciation:

  • 5 year MACR depreciated on entire system
  • Eligible for 50% first-year bonus depreciation for 2008-2009

Eligibility:

  • Building located in the US
  • Original use begins with taxpayer
  • Installed between 10/3/2008 and 12/31/2016