Comments on: Green Tax Credits in Plain English http://lagreenlaw.com/2009/07/29/green-tax-credits-in-plain-english/ Legal Updates on Louisiana Green Building Tue, 02 Mar 2010 06:27:16 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Skipper http://lagreenlaw.com/2009/07/29/green-tax-credits-in-plain-english/comment-page-1/#comment-74 Skipper Thu, 06 Aug 2009 15:19:19 +0000 http://lagreenlaw.com/?p=94#comment-74 TAX CREDIT/BENEFITS It's a great time to invest in geothermal heating and cooling technology. The American Recovery and Reinvestment Act of 2009 recently lifted the caps on tax credits to qualified geothermal heat pumps, which was previously set at $2000. Homeowners who install a geothermal ground loop or ground water geothermal heat pump qualify for this one time of up to 30% of the total investment, as long as the pump meets or exceeds EnergyStar requirements and installed after December 31, 2009. Business owners will receive a credit of 10% of the total investment. Units installed in 2008 are subject to a $2,000 cap, but those installed between 2009-2016 have no cap. This substantial tax credit is just one of the many benefits of using geothermal technology to heat and cool your home. Geothermal systems use 25-50% less electricity than conventional systems. According to the EPA, geothermal pumps reduce energy consumption up to 44% compared to air-source heat pumps, and up to 72% compared to standard air-conditioning. In humid areas, like Florida, geothermal heat pumps improve humidity control by maintaining 50% relative indoor humidity. But it's not just the tax credit or energy savings that should peek your interest, geothermal heat pumps are also extremely durable and reliable. The underground piping carries warranties of 25-50 years, and the heat pumps are known to last twenty years of longer. So, if you're looking for a reliable system that will also give you tremendous savings on your energy bill over the long-run, a geothermal heat pump may just be what you're looking for! TAX CREDIT/BENEFITS
It’s a great time to invest in geothermal heating and cooling technology. The American Recovery and Reinvestment Act of 2009 recently lifted the caps on tax credits to qualified geothermal heat pumps, which was previously set at $2000. Homeowners who install a geothermal ground loop or ground water geothermal heat pump qualify for this one time of up to 30% of the total investment, as long as the pump meets or exceeds EnergyStar requirements and installed after December 31, 2009. Business owners will receive a credit of 10% of the total investment. Units installed in 2008 are subject to a $2,000 cap, but those installed between 2009-2016 have no cap.

This substantial tax credit is just one of the many benefits of using geothermal technology to heat and cool your home. Geothermal systems use 25-50% less electricity than conventional systems. According to the EPA, geothermal pumps reduce energy consumption up to 44% compared to air-source heat pumps, and up to 72% compared to standard air-conditioning. In humid areas, like Florida, geothermal heat pumps improve humidity control by maintaining 50% relative indoor humidity.

But it’s not just the tax credit or energy savings that should peek your interest, geothermal heat pumps are also extremely durable and reliable. The underground piping carries warranties of 25-50 years, and the heat pumps are known to last twenty years of longer.

So, if you’re looking for a reliable system that will also give you tremendous savings on your energy bill over the long-run, a geothermal heat pump may just be what you’re looking for!

]]> By: Richard http://lagreenlaw.com/2009/07/29/green-tax-credits-in-plain-english/comment-page-1/#comment-69 Richard Mon, 03 Aug 2009 09:35:39 +0000 http://lagreenlaw.com/?p=94#comment-69 Hey thanks, this is some good info. Check out this site rick@GEOTHERMALQUESTION.INFO Hey thanks, this is some good info. Check out this site rick@GEOTHERMALQUESTION.INFO

]]> By: Kim Zillman http://lagreenlaw.com/2009/07/29/green-tax-credits-in-plain-english/comment-page-1/#comment-61 Kim Zillman Thu, 30 Jul 2009 07:37:32 +0000 http://lagreenlaw.com/?p=94#comment-61 Our firm Engineered Tax Services provides the required Engineered third party certification for commercial property owners. We work with Architects, Lighting and HVAC contractors to receive the benefit when involved in the design of Public and Government buildings. ETS is staffed with Professional Engineers and work with many of the top 100 CPA firms to bring Engineering and Accounting together. ETS works very closely with the IRS to stay on top of changes and benefits that has to do with the Energy Policy Act of 2005. We are licensed in all 50 States to perform these studies and our firm is doing between 110 -120 studies a month. Please feel free to me kim@engineeredtaxservices.com Our firm Engineered Tax Services provides the required Engineered third party certification for commercial property owners. We work with Architects, Lighting and HVAC contractors to receive the benefit when involved in the design of Public and Government buildings.

ETS is staffed with Professional Engineers and work with many of the top 100 CPA firms to bring Engineering and Accounting together. ETS works very closely with the IRS to stay on top of changes and benefits that has to do with the Energy Policy Act of 2005.
We are licensed in all 50 States to perform these studies and our firm is doing between 110 -120 studies a month.
Please feel free to me kim@engineeredtaxservices.com

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