Rebates We Offer

Save On Your Next Home Project

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

145 Total Reviews E & J Geothermal, Inc.319-519-0261$400 East Main Street, SOLON IA



Tax Credits, Incentives & Savings

The Bipartisan Budget Act of 2018, signed in February 2018, reinstated the tax credit for fuel cells, small wind, and geothermal heat pumps. The tax credit for all technologies now features a gradual step down in the credit value.

A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the "placed in service" date is the date of occupancy by the homeowner. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The maximum allowable credit, equipment requirements and other details vary by technology, as outlined below.

GEOTHERMAL FEDERAL TAX CREDIT
There is no limit on the dollar amount of this credit. The home served by the system does not have to be the taxpayer’s principal residence. Systems must be placed in service on or after January 1, 2008, and on or before December 31, 2021. The geothermal heat pump must meet federal Energy Star criteria.

  • 30% for systems placed in service by 12/31/2019
  • 26% for systems placed in service after 12/31/2019 and before 01/01/2021
  • 22% for systems placed in service after 12/31/2020 and before 01/01/2022

SOLAR FEDERAL TAX CREDIT
There is no limit on the dollar amount of this credit. The home served by the system does not have to be the taxpayer’s principal residence. Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2021.

  • 30% for systems placed in service by 12/31/2019
  • 26% for systems placed in service after 12/31/2019 and before 01/01/2021
  • 22% for systems placed in service after 12/31/2020 and before 01/01/2022

GEOTHERMAL IOWA STATE TAX CREDIT
The credit will be available to consumers on a first-come, first-served basis with a cap on total funds available of $1million annually. There will be a wait list if the funds are depleted for the year. Applicants on a waitlist will be first in line for the next year. We expect more information from Revenue as questions come up.

As of today, taxpayers can apply for the credit for those taxpayers who have a geothermal heat pump installed on their residence on or after January 1, 2019. The deadline to submit an application is May 1 of the following year of installation. The Credit is equal to 20% of the federal residential energy efficient property tax credit allowed for geothermal heat pumps provided in section 25D(a)(5) of the Internal Revenue Code.

SOLAR IOWA STATE TAX CREDIT
The credits awarded per calendar year is capped at $5 million and reserved on a first-come, first-served basis until the cap is reached each year. The Department will establish a wait list for the next year's allocation of awards if that cap is exceeded. The application for the Iowa credit cannot be made for individuals until the installation of the solar energy system is complete. Installations that occur after January 1, 2016 are equal to 50% of the federal credit up to $5,000.


No Property taxes on Geothermal Systems installed after 2012 for 10 years!*
No Property taxes on Solar PV Systems installed after 1978 for 5 years!*
* Iowa Taxes ONLY

Stay comfortable all year long. McClendon & Wood are ready to keep you 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!

Click the button below to learn more about our maintenance plan!

Service Agreements

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

* All rebates are subject to change


  • Geothermal Closed Loop System: $400/ton
  • Ground Source Heat Pump Unit Replacement: $150/ton
  • Air Source Heat Pump: $200-300/ton + $250 Energy Star Bonus
  • Central Energy Star Air Conditioner: $100
  • Heat Recovery Ventilation (ERV): $250
  • Heat Pump Water Heater: $650
  • 50 Gallon High Efficiency Electric Water Heater: $75
  • New Geothermal System w/ Loops: Up to $1750
  • Air Source Heat Pump: Up to $800
  • Ductless Mini-Split System (Supplemental): $50
  • Ductless Mini-Split System (Whole House): $200
  • Central Air Conditioner: Up to $600
  • Electric Heat Pump Water Heater: Up to $350
  • Gas Furnace: Up to $180
  • Learning Thermostat: Up to $100
  • Electric HVAC Tune Up: $50/unit

  • Natural Gas Furnace: $175
  • Smart Thermostat: $75
  • Central Air Conditioner: $75-500
  • Geothermal Closed Loop System: $1,650
  • Ground Source Heat Pump Unit Replacement: $250/unit
  • Air Source Heat Pump: $200-300/ton + $250 Energy Star Bonus
  • Central Air Conditioner: $100
  • Heat Pump Water Heater: $650
  • 50 Gallon High Efficiency Electric Water Heater: $75-250
  • Heat Recovery Ventilation (ERV): $250

  • Geothermal Closed Loop System: $400/ton
  • Ground Source Heat Pump Unit Replacement: $150/ton
  • Air Source Heat Pump: $200-300/ton + $250 Energy Star Bonus
  • Central Air Conditioner: $100
  • Heat Pump Water Heater: $650
  • 50 Gallon High Efficiency Electric Water Heater: $75
  • Heat Recovery Ventilation (ERV): $250
  • Geothermal Closed Loop System: $400/ton
  • Ground Source Heat Pump Unit Replacement: $150/ton
  • Air Source Heat Pump: $200-300/ton + $250 Energy Star Bonus
  • Central Air Conditioner: $100
  • Heat Pump Water Heater: $650
  • 50 Gallon High Efficiency Electric Water Heater: $75-150
  • Heat Recovery Ventilation (ERV): $250

  • Geothermal Closed Loop System: $350/ton (NHC / LP Conversion) OR $700/ton (Retro-fit)
  • Air Source Heat Pump: $400/unit (NHC or LP Conversion) OR $800/unit (Retro-fit)
  • Central Air Conditioner: $200
  • Heat Pump Water Heater: $400
  • Solar PV System: $0.125/kWhr feed-in rate
  • Geothermal Closed Loop System: $400/ton (Max. 20 tons)
  • Ground Source Heat Pump Unit Replacement: $150/ton
  • Air Source Heat Pump: $200-300/ton + $250 Energy Star Bonus
  • Central Air Conditioner: $125
  • Heat Pump Water Heater: $650
  • 50 Gallon High Efficiency Electric Water Heater: $175
  • Heat Recovery Ventilation (ERV): $250

  • Geothermal Closed Loop System: $300/ton (loops) + $300/ton (heat pump capacity)
  • Air Source Heat Pump: $600
  • Ductless Mini-Split: Up to $100/ton
  • Central Air Conditioner: $350
  • Natural Gas Furnace: Up to $200
  • Natural Gas Boiler: Up to $400
  • WiFi / Programmable Thermostat: $50
  • Heat Pump Water Heater: $400
  • Ductwork Modification: Up to $1,600
  • Geothermal Closed Loop System: $600/ton ($2,100-2,900)
  • Ground Source Heat Pump Unit Replacement: 50% of Rebate calculated for new system
  • Air Source Heat Pump: $250-600
  • Ductless Mini Split: $350 Whole House / $50 Supplemental
  • Central Air Conditioner: Minimum $200
  • Electric High Efficiency Electric Water Heater: $150-200
  • Heat Pump Water Heater: $300
  • Wifi Thermostat: $25

  • Geothermal Closed Loop System: $400/ton
  • Ground Source Heat Pump Unit Replacement: $150/ton
  • Air Source Heat Pump: $150-300/ton
  • Central Air Conditioner: $100
  • Heat Recovery Ventilation (ERV): $200