Tax Credits, Incentives, and Technical Assistance for Geothermal Heat Pumps

Geothermal heat pumps (GHPs, also known as ground source heat pumps) use the relatively constant temperatures found in the subsurface to warm indoor air in winter and cool it in the summer. Because these constant temperatures can be found nationwide, these systems offer an efficient option to heat and cool homes, businesses, and other buildings in all 50 U.S. states. 

Geothermal heat pumps (GHPs) can be added to existing buildings, and tax credits and other financial assistance can make new or retrofitted GHPs more affordable.

GTO Geothermal Heat Pumps Fact Sheet

Visit the U.S. Department of Energy’s (DOE) Energy Saver Geothermal Heat Pump page for an overview of how geothermal heat pumps work and what the different kinds of GHPS are.

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Want a quick guide on how GHPs work?  
Download GTO's fact sheet.

 

Information on Installing Geothermal Heat Pumps

To assess whether your home or business meets the characteristics for installing a geothermal heat pump, contact a geothermal designer (instead of an installer) or a local professional engineer. 

The International Ground Source Heat Pump Association and Geothermal Exchange Organization offer searchable directories of designers, installers, and other professionals who can assist you. You can also contact your state energy office or do an internet search for “geothermal heat pump designers/installers in (state)” or something similar.

Homeowner Information

Energy Assistance for Low-Income Homeowners

Homeowners who qualify as low income can receive help with home energy bills, weatherization, and energy-related home repairs. These programs are administered by the states.

Visit the following sites to learn about eligibility and how to apply for assistance: 

Commercial (Business) Information

Federal tax credits and assistance are intended to encourage upgrading or planning for geothermal heat pump systems in commercial buildings.

A tax professional or local installer can provide more information about specific project eligibility and credits. 

Commercial Tax Credits for Geothermal Heat Pumps

DOE|EERE|GTO - Commercial Tax Credits for Geothermal Heat Pumps. Under the Inflation Reduction Act Investment Tax Credit (Section 48), installations of geothermal heat pumps (GHPs) in commercial buildings can be eligible for tax credits. Your credit is a percentage of the total improvement expenses in the year of installation. If your GHP is placed in service during one of these timeframes, you may be eligible for this tax credit! Jan. 1, 2022 through Dec. 31, 2032: 6%. 2033: 5.2%. 2034: 4.4%.

Commercial building owners interested in installing GHPs are eligible for tax credits under the Investment Tax Credit (ITC, Section 48). The base tax credit is 6%, scaling to 5.2% in 2033 and 4.4% in 2034. Businesses are eligible for “bonus credits” of up to 30% total if their projects meet specific prevailing wage, domestic content, or energy community requirements. View the Internal Revenue Service's Advanced Energy Project Credit page for more information.

Energy Assistance for Agricultural Producers and Rural Small Businesses

Agricultural producers or rural small businesses can consider the U.S. Department of Agriculture’s Rural Energy for America Program, which provides guaranteed loan financing and grant funding for renewable energy systems or energy-efficiency improvements.

Local, Utility, and Community Technical Assistance

Local governments, electric utilities, community-based organizations, and others can also apply for 40–60 hours of free technical assistance from DOE’s national laboratory experts on questions related to GHPs via Expert Match, part of DOE’s Energy to Communities program.  

 

Additional Resources

To search for state-level renewable energy incentives, including tax credits, grants, and rebates, visit: 

To learn more about how geothermal energy can support your local energy goals, visit our Community Engagement and Engagement with Tribal and Native Communities pages. Additional resources such as technical assistance, grants, vouchers and other initiatives can be found on the Opportunities for Communities page. 

Check with your local utility, regional energy organizations, and installers to learn about available energy efficiency and other incentives in your area. 

 

GTO's Work to Expand the Use of Geothermal Energy

The mission of DOE's Geothermal Technologies Office (GTO) mission is to increase geothermal energy deployment through research, development, and demonstration (RD&D) of innovative technologies that enhance exploration and production. 

This office is an applied research organization that manages portfolios of RD&D projects selected through competitive funding solicitations. 

In partnership with industry, academia, and DOE’s national laboratories, GTO works to expand geothermal development by funding activities in four areas:

You can learn more about how GTO funds research on our Geothermal Basics page and Open Funding Opportunities page.