Carolina Heating Service is proud to present the following specials and promotions:
–> Please note that promotions are subject to change at any time.
Federal Tax Credit for Residential Geothermal Installations (ends 2021)
30% federal tax credit for residential geothermal heat pumps for installations 2017 through 2019, 26% for 2020 and 22% for 2021.
10% credit for qualifying commercial geothermal installations.
For more details check out our news section “Federal Tax Credit for Geothermal Returns”.
SC State Tax Incentive for Residential Geothermal Installations (25%, ends 2018)
The 25% SC Income Tax Credit was signed into law in February 2016. The tax credit applies to residential geothermal installations from January 1, 2016 to December 31, 2018.
- Installation must be in South Carolina and owned by the taxpayer.
- The tax credit cannot exceed $3,500 for residential property or 50% of the total tax liability for the tax year.
- For credits exceeding $3,500, the remaining amount can be carried over to the next tax year for up to 10 years.
For full details consult your tax accountant and contact our Geothermal specialists
