Considering the Geothermal Solution? Kevin Conrad Heating and Cooling Alerts Homeowners of Tax Credit

Nantucket Islanders who have been considering a geothermal heating and cooling solution may want to act soon to take advantage of a Federal Tax Credit on geothermal heat pumps that is available through 2016.

Kevin Conrad Heating & Cooling, the premier, certified geothermal heating and cooling system expert installer on Nantucket, advises owners of existing homes and new construction of a 30 percent tax credit related to qualifying ENERGY STAR geothermal heat pumps.

A geothermal heating system takes advantage of the earth’s consistent temperature by way of geothermal heat pumps, which collect energy from the earth and move it to the home via electricity. During the summer, a geothermal system exchanges the heat in the home with the cooler ground, making it up to three times more efficient than standard air conditioning. There are no emissions - carbon dioxide, carbon monoxide or hydrocarbon emissions - with a geothermal heating and cooling system.

“A geothermal heating and cooling system is environmentally responsible, extremely efficient and significantly less expensive than conventional heating and cooling systems. Geothermal provides higher levels of comfort year-round and lower utility and energy bills,” said Kevin Conrad, owner.

Homeowners must meet ENERGY STAR program requirements. Geothermal heat pumps qualify for a tax credit that is 30 percent of the cost, which includes installation costs.

Conrad continued, “Homeowners who had a geothermal system installed in 2014 should consider this residential energy credit when filing their taxes.”

Homeowners who are interested in converting to, or installing a new geothermal system are encouraged to contact Kevin Conrad Heating & Cooling with questions 508-228-6211 or visit www.conradhvac.com.

To learn more about the geothermal heat pump tax credit, visit www.energystar.gov.