Good news for anyone considering building on lake Winnipesaukee and contemplating a new Geothermal heating system in 2013. This holds true for both new construction and existing. The federal government still has in place through 2016 30% tax credit available for the material relating to the installation of Geothermal heat pumps. Many of the items available for the tax credits are limited in dollar value to a maximum of $1,500. This is not true for Geothermal pumps for which there is no cap. Further this is a credit not a deduction therefore for every dollar that you spend you will save an equal amount on your tax liability. This program is slated to go through December of 2016. All you will need is a certification (for program qualification) from the manufacturer, receipts for your purchase. The equipment must have been energy star rated at the time of manufacture. Take advantage if you can. I believe that this should be a serious consideration for anyone installing a new heating system today. You will receive both the immediate benefit of the savings offered by the credit and the longer term benefit of lower utility bills through the use of water pumped from the earth as your heating source. For those of you unfamiliar with Geothermal heating here is a useful link to past into your browser www.altenergymag.com/emagazine/2009/08/my-geothermal-home-sweet-home/1366. Please e-mail me with any questions that I can answer at John@rourkebuilders.com. Please visit us at www.winnipesaukee.homes4salenh.com
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