Commercial FHP Geothermal Heat Pumps

Geothermal heat pumps offer an immense opportunity for immediate reductions in both heating and cooling costs of any building by harnessing the energy stored in the earth. This keeps the environment happy while saving significant money for you. New incentives make the payback period even shorter. A company will see the system pay for itself in addition to increasing profit by saving energy.

Criteria: Under U.S. Code Title 26, Section 48, 10% of the installed cost of a geothermal heat pump (minus any subsidies) is applicable for corporate tax credits as Investment Tax Credit . There is no cap on the amount of qualifying expenditures that can be used for the credit, nor a limit on the credit itself. No matter the installation cost, you will receive a 10% credit under this legislation. Geothermal heat pumps are also eligible for Modified Accelerated Cost-Recovery, which provides for accelerated depreciation of cost over five years. This means an even shorter payback period for the investment in renewable energy. Commercial geothermal heat pumps have not been included in the ENERGY STAR ratings; therefore, commercial units do not need to be ENERGY STAR rated to qualify for these incentives. The equipment must be “placed in service” between January 1, 2009 and December 31, 2016.

Download the FHP 2009 Commercial Tax Certificate here [PDF]
Downlaod the FHP Commercial Tax Brochure here [PDF]