Geothermal Tax Incentives and Credit Resources
This page is a guide only providing links and information about the IRA and NYS programs.
NYSERDA Guide to Inflation Reduction Act Savings
This overview found on the NYSERDA site will assist in understanding how the IRA incentives work including tax credits and rebates.
IRA Guide for Nonprofits and Municipalities
New York residents and businesses are now eligible for energy-related savings through the Inflation Reduction Act (IRA) which was passed by the federal government in 2022.
CLICK HERE to learn more
NYS Clean Heat also provides rebates for ground source heat pumps, which are eligible for a 30% IRA tax credit and 25% New York State income tax credit. Heat pump systems are being installed more frequently across New York and the U.S., with national heat pump sales surpassing gas furnaces in 2022.
WaterFurnace Federal Tax Incentives
Commercial Geothermal Heat Pumps
Commercial Federal tax Incentive produced by WaterFurnace.
ClimateMaster IRA 2023
Commercial Geothermal Tax Guide 2023
Produced by ClimateMaster as a tool to better understand the commercial federal tax credits and incentives.
ClimateMaster Commercial Federal Tax Incentive Brochure_2023
Waterless Geothermal IRA Tax Guide
Produced by Waterless Geothermal
Rewiring America
A variety of helpful links on Rewiring America's site - NY-GEO is grateful to be able to share their links here. Be sure to visit their full website and prepare to be electrified!
IRA Implementation video presentation, NY-GEO Board Member Heater Deese reviews geothermal at 10:00.
Rewiring America IRA Calculator
Rewiring America IRA Fact Sheets
Including: 25C and 25D | Electrification Rebates | What the IRA Means for Contractors and Electrification | What the IRA Means for Heat Pump Manufacturers