Rebates We Offer

Save On Your Next Home Project

E & J Geothermal, Inc.starstarstarstarstar4.8 / 5

248 Total Reviews /files//ej_geo-logo.png319-519-0261$400 East Main Street, SOLON IA

**UPDATE 08/18/2022** As part of the Inflation Reduction Act of 2022 signed into law on August 16, 2022, residential energy efficiency tax credits have been extended through 2032. This information applies to the existing tax credits for 2022. Changes to residential energy efficiency tax credits under the Inflation Reduction Act will become effective starting in 2023.

Tax credits for residential energy efficiency and those for builders of energy efficient homes were extended. Tax deductions for energy efficient commercial buildings allowed under Section 179D of the Internal Revenue Code were made permanent under the Consolidated Appropriations Act of 2021.

The tax credits for residential renewable energy products are now available through December 31, 2023. Renewable energy tax credits for fuel cells, small wind turbines, and geothermal heat pumps now feature a gradual step down in the credit value, the same as those for solar energy systems. As of 2021, biomass fuel stoves are included in tax credits for residential renewable energy products.

*Disclaimer: The tax credit information contained within this website is provided for informational purposes only and is not intended to substitute for expert advice from a professional tax/financial planner or the Internal Revenue Service (IRS).

Stay comfortable all year long. E&J is ready to keep your heating and cooling systems working perfectly.

Enjoy the Benefits of Planned Maintenance

E&J Geothermal knows how much of an investment a new heating, air conditioning, air quality or geothermal system can be. That's why we want to help you protect your investment!

Service Agreements

GEOTHERMAL FEDERAL TAX CREDIT

Residential Clean Energy Credit (25D): Increases residential credit to 30% for GSHP for systems installed starting in 2022 (after December 31, 2021) and extends the credit through 2034 (26%/22% phase out in final two years); the credit is not refundable, but can carry forward to future tax years.

Commercial Tax Credit (48(a)): Increases commercial credit to 30% for GSHP and extends through 2034 (26/22% phase out in final two years); refundable only for state/local/tax-exempt organizations. The rate increases to 40% if projects use components and manufactured goods that meet domestic content requirements.

Small Business USDA REAP Grants

What does this program do?

The program provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements. Agricultural producers may also apply for new energy efficient equipment and new system loans for agricultural production and processing.

Who may apply for this program?
  • Agricultural producers
  • Small businesses
What is an eligible area?
How may the funds be used?

Funds may be used for the purchase and installation of renewable energy systems, such as:

  • Biomass (for example: biodiesel and ethanol, anaerobic digesters, and solid fuels).
  • Geothermal for electric generation or direct use.
  • Hydropower below 30 megawatts.
  • Hydrogen.
  • Small and large wind generation.
  • Small and large solar generation.
  • Ocean (tidal, current, thermal) generation.

Funds may also be used for the purchase, installation and construction of energy efficiency improvements, such as:

  • High efficiency heating, ventilation and air conditioning systems (HVAC).
  • Insulation.
  • Lighting.
  • Cooling or refrigeration units.
  • Doors and windows.
  • Electric, solar or gravity pumps for sprinkler pivots.
  • Switching from a diesel to electric irrigation motor.
  • Replacement of energy-inefficient equipment.
What funding is available?
  • Loan guarantees on loans up to 75 percent of total eligible project costs.
  • Grants for up to 50 percent of total eligible project costs.
  • Combined grant and loan guarantee funding up to 75% of total eligible project costs.

OTHER AVAILABLE FEDERAL TAX CREDITS

Energy Efficient Home Improvement Credit (25C): Restores/creates 30% residential tax credits through 2032 for:

  • Air source heat pumps and heat pump water heaters (capped at $2,000/yr per taxpayer).
  • MPUs or other electrical work (capped at $1,200/yr)
  • Home Energy Audits (capped at $150/yr)
  • Various other building envelope and electrification measures at different amounts ...
  • All measures added together have an additive cap of $1,200 if the project doesn’t include a heat pump or water heater.
  • The additive cap is $2,000 if the project does include a heat pump or water heater.
  • Note, biodiesel and gas water heaters and furnaces qualify for the same 30%/$2,000 credit as heat pumps and HPWHs.

New Energy Efficient Home (45L): Increases the credit, through 2032, for developers upon sale of a house of $2,500 (EnergyStar single family home) or $5,000 (Zero-energy ready home), and extends credit through 2032.


Hope for HOMES: $4.3 billion. Provides funding for State energy offices for whole-home rebates for retrofits of up to $4,000/home for market rate customers, $8,000 for LMI homes (for energy savings >35%). Installation of a geo heat pump would meet the criteria for the maximum rebates.

  • No income testing.
  • Can be combined with ITC.
  • Rebate is based on either modeled or measured energy savings for the home overall
  • Not available for new construction, retrofit only.
  • Cannot receive a rebate through another federal program for the same measure (e.g. no double dipping w/ HEEHR).

High Efficiency Electric Homes Rebates (HEEHR): $4.5 billion over 10 years. Provides fundings through State Energy Offices and Tribes for rebates for electric appliances. Rebates 50% or 100% of project cost, up to measure-specific caps $8,000 for gshp or ashp, $1,750 for a HPWH, and $4,000 for MPU + $2,500 for wiring. Total home cap of $14,000 cap.

  • This program is income tested at 150% AMI.
  • Can be combined with ITC
  • Available for new construction
  • 50% of costs up to rebate caps for households at 80%-150% AMI
  • 100% costs up to caps for households at greater than 80% AMI
  • No double dipping with Hope for Homes or other federal rebates.

Utility Company Rebates*
* Residential only - Contact for information on Commercial Rebates

* All rebates are subject to change

Call for details on incentives today, whether E&J Geothermal has done work for you in the past or if you are thinking about having us install equipment - we are here to help.


  • RESIDENTIAL REBATES
  • Ground-Source Heat Pump
    • ENERGY STAR Ground-Source Heat Pump - $450 per ton
    • ENERGY STAR Hybrid Ground-Source Heat Pump (gas backup) - $550 per ton
    • ENERGY STAR Ground-Source Heat Pump replacement - $100 per ton
  • Air-Source Heat Pump
    • ENERGY STAR Air-Source Heat Pump - $300 per ton
    • ENERGY STAR Hybrid Air-Source Heat Pump (gas backup) - $400 per ton
    • NEEP listed Air-Source Heat Pump - $500 per ton
    • NEEP listed Hybrid Air-Source Heat Pump (gas backup) - $600 per ton
    • ENERGY STAR or NEEP listed Mini-Split Air-Source Heat Pump - $200 per ton (used as supplemental/added capacity such as sunroom)
  • Air-Source Heat Pump
    • $300 / unit (limit 2 per home)
  • Water Heating
    • ENERGY STAR Hybrid Electric Heat Pump Water Heater - $650 / unit
    • ENERGY STAR Hybrid Electric Heat Pump Water Heater (replacing natural gas or propane) - $800 / unit
  • COMMERCIAL REBATES
  • Heat Pump – Closed Loop Ground-Source
    • $400 per ton (up to 40 tons)
    • $175 per ton (tonnage over 40 tons)
  • Heat Pump – Air-Source
    • $300 per ton (up to 40 tons)
    • $125 per ton (tonnage over 40 tons)
  • RESIDENTIAL HVAC Instant Discount Program
    (Eligibility based on cooling capacity)
  • Geothermal Heat Pumps
    • $900 - $1312.50 / unit
  • Air Source Heat Pump Split System
    • $225 - $375 / unit
  • Ductless Split Heat Pump Systems
    • $300 / unit
  • Central Air Conditioner – Split System
    • $150 - $300 / unit
  • Natural Gas Furnace
    • $1.80 per 1000 Btuh input rating
  • Heat Pump Water Heater
    • $225 / unit
  • COMMERCIAL HVAC Instant Discount Program
    (Eligibility based on cooling capacity)
  • Geothermal Heat Pumps
    • $900 - $1312.50 / unit
  • Air Source Heat Pump Split System
    • 65,000 Btuh or less $225 - $375 / unit
    • Over 65,000 Btuh $150 per ton
  • Ductless Split Heat Pump Systems
    • $300 / unit
  • Central Air Conditioner – Split System
    • 65,000 Btuh or less $150 - $300 / unit
    • Over 65,000 Btuh $90 per ton
  • Natural Gas Furnace
    • $1.80 per 1000 Btuh input rating
  • Natural Gas Boiler
    • 300 MBtuh or less $375 / unit
    • 300 – 2500 MBtuh $1.50 per 1 MBtuh input rating
  • Heat Pump Water Heater
    • $225 / unit
  • COMMERCIAL Lighting Instant Discount Program
    (Replacement must be a one-for-one replacement only. Downlights must be on the Energy Star Qualified Products List (QPL). All other interior/exterior lighting must be on most current DLC Qualified Products List (QPL).
  • T8 LED Linear Replacement Lamp Retrofit
    • $1.50 - $5.00 / unit (discount rate based on lumens per unit)
  • Interior Fixtures, Retrofit Kits, and Downlights
    • $5.00 - $65.00 / unit (discount rate based on watts per unit)
  • Exterior Lighting Fixtures and Retrofit Kits
    • $50.00 - $400.00 / unit (discount rate based on watts per unit)

  • RESIDENTIAL HVAC Instant Discount Program
    (Eligibility based on cooling capacity)
  • Geothermal Heat Pumps
    • $900 - $1312.50 / unit
  • Air Source Heat Pump Split System
    • $225 - $375 / unit
  • Ductless Split Heat Pump Systems
    • $300 / unit
  • Central Air Conditioner – Split System
    • $150 - $300 / unit
  • Natural Gas Furnace
    • $1.80 per 1000 Btuh input rating
  • Heat Pump Water Heater
    • $225 / unit
  • COMMERCIAL HVAC Instant Discount Program
    (Eligibility based on cooling capacity)
  • Geothermal Heat Pumps
    • $900 - $1312.50 / unit
  • Air Source Heat Pump Split System
    • 65,000 Btuh or less $225 - $375 / unit
    • Over 65,000 Btuh $150 per ton
  • Ductless Split Heat Pump Systems
    • $300 / unit
  • Central Air Conditioner – Split System
    • 65,000 Btuh or less $150 - $300 / unit
    • Over 65,000 Btuh $90 per ton
  • Natural Gas Furnace
    • $1.80 per 1000 Btuh input rating
  • Natural Gas Boiler
    • 300 MBtuh or less $375 / unit
    • 300 – 2500 MBtuh $1.50 per 1 MBtuh input rating
  • Heat Pump Water Heater
    • $225 / unit
  • COMMERCIAL Lighting Instant Discount Program
    (Replacement must be a one-for-one replacement only. Downlights must be on the Energy Star Qualified Products List (QPL). All other interior/exterior lighting must be on most current DLC Qualified Products List (QPL).
  • T8 LED Linear Replacement Lamp Retrofit
    • $1.50 - $5.00 / unit (discount rate based on lumens per unit)
  • Interior Fixtures, Retrofit Kits, and Downlights
    • $5.00 - $65.00 / unit (discount rate based on watts per unit)
  • Exterior Lighting Fixtures and Retrofit Kits
    • $50.00 - $400.00 / unit (discount rate based on watts per unit)
  • RESIDENTIAL REBATES
  • Ground-Source Heat Pump
    • ENERGY STAR Ground-Source Heat Pump - $550 per ton
    • ENERGY STAR Hybrid Ground-Source Heat Pump (gas backup) - $550 per ton
    • ENERGY STAR Ground-Source Heat Pump replacement - $200 per ton
    • Fire to Wire Bonus - $150 per unit replaced (retrofit only)
  • Air-Source Heat Pump
    • ENERGY STAR Air-Source Heat Pump - $300 per ton
    • ENERGY STAR Hybrid Air-Source Heat Pump (gas backup) - $400 per ton 
    • NEEP listed Air-Source Heat Pump - $500 per ton
    • NEEP listed Hybrid Air-Source Heat Pump (gas backup) - $600 per ton
  • Heat/Energy Recovery Ventilation (HRV/ERV)
    • $250 / unit (limit 2 per home)
  • Water Heating
    • ENERGY STAR Hybrid Electric Heat Pump Water Heater - $650 / unit
    • ENERGY STAR Hybrid Electric Heat Pump Water Heater (replacing natural gas or propane) - $800 / unit
  • COMMERCIAL REBATES
  • Heat Pump – Closed Loop Ground-Source
    • $500 per ton (up to 40 tons)
    • $175 per ton (tonnage over 40 tons)
  • Heat Pump – Air-Source
    • $300 per ton (up to 40 tons)
    • $125 per ton (tonnage over 40 tons)

  • RESIDENTIAL REBATES
  • Ground-Source Heat Pump
    • ENERGY STAR Ground-Source Heat Pump - $550 per ton
    • ENERGY STAR Ground-Source Heat Pump replacement - $150 per ton
  • Air-Source Heat Pump
    • Standard Air-Source Heat Pump - $250 per ton
    • Standard Hybrid Air-Source Heat Pump (gas backup) - $300 per ton
    • Cold Climate Air-Source Heat Pump - $350 per ton
    • Cold Climate Hybrid Air-Source Heat Pump (gas backup) - $400 per ton
  • Heat/Energy Recovery Ventilation (HRV/ERV)
    • $250 / unit (limit 2 per home)
  • Water Heating
    • ENERGY STAR Hybrid Electric Heat Pump Water Heater - $500 / unit
    • ENERGY STAR Hybrid Electric Heat Pump Water Heater (replacing natural gas or propane) - $600 / unit
  • COMMERCIAL REBATES
  • Heat Pump – Closed Loop Ground-Source
    • $400 per ton (up to 40 tons)
    • $175 per ton (tonnage over 40 tons)
  • Heat Pump – Air-Source
    • $250 per ton (up to 40 tons)
    • $100 per ton (tonnage over 40 tons)
  • RESIDENTIAL REBATES
  • Ground-Source Heat Pump
    • ENERGY STAR Ground-Source Heat Pump - $400 per ton
    • ENERGY STAR Ground-Source Heat Pump with Gas Backup - $500 per ton
    • ENERGY STAR Ground-Source Heat Pump replacement - $150 per ton
  • Air-Source Heat Pump
    • Standard Air-Source Heat Pump - $150 per ton 
    • Standard Hybrid Air-Source Heat Pump (gas backup) - $250 per ton
    • ENERGY STAR Air-Source Heat Pump - $200 per ton + $250 bonus
    • ENERGY STAR Air-Source Heat Pump with Gas Backup - $300 per ton + $250 bonus
    • Cold Climate Air-Source Heat Pump - $450 per ton
    • Cold Climate Hybrid Air-Source Heat Pump (gas backup) - $550 per ton
  • Heat/Energy Recovery Ventilation (HRV/ERV)
    • $250 / unit (limit 2 per home)
  • Water Heating
    • ENERGY STAR Hybrid Electric Heat Pump Water Heater - $650 / unit
    • ENERGY STAR Hybrid Electric Heat Pump Water Heater (replacing natural gas or propane) - $750 / unit
  • COMMERCIAL REBATES
  • Heat Pump – Closed Loop Ground-Source
    • $400 per ton (up to 40 tons)
    • $175 per ton (tonnage over 40 tons)
  • Heat Pump – Air-Source
    • $250 per ton (up to 40 tons)
    • $100 per ton (tonnage over 40 tons)