In this economy saving money is essential! God only know what tomorrow may bring or how high the price of oil and gas may go. Studies by the Environmental Protection Agency (EPA) have shown that homes utilizing geothermal heat pumps can save:
- 50-87% off your heating costs
- Up to 50% off your cooling bill
- A federal tax credit may be available
New geothermal systems may qualify for a federal tax credit of up to 30% of the total cost. Geothermal pumps have been added to the Internal Revenue Code (sec 25D) as part of the economic stimulus package. This creates a tax credit on the purchase and installation cost of a qualified geothermal equipment system placed in service through the end of 2016.
On the EIA Energy Kids website, the Department of Energy says, “The word geothermal comes from the Greek words geo (earth) and therme (heat). So, geothermal energy is heat from within the Earth.” Geothermal energy is a renewable energy source, because the heat is continuously produced inside the Earth.
Over a relatively short period of time, the reduction of energy usage will save more than the intial upgrade costs for new geothermal equipment and installation. At Ricotta Heating and Air, we specialize in providing a variety of geothermal heat pumps in St. Louis, Missouri and surrounding areas.
So save money and go green! Call Ricotta for a proposal on a new, energy-efficient geothermal heating and cooling system.
by Rachel of the Ricotta blog team