Posts Tagged ‘tax credits’
Tax Credits Available on Gas Heat Pumps
We are excited to share that we have confirmed the Gas Heat Pump (GHP) systems manufactured by Yanmar qualifies for the 30% tax credit, as well as for direct payments to tax exempt entities, under the Inflation Reduction Act (IRA). Yanmar GHP is considered a mechanical cogeneration product and should be treated as “Combined Heat…
Read MoreGeothermal, Ground Source Heat
Ground source heat pump tax credits were recently reinstated for the current tax year through Jan. 1, 2022. The tax credit applies to residential and commercial installations of Ground Source Heat Pumps. Ground source heating is a renewable and reliable source of heat. The earth absorbs the suns energy and at a depth of 6…
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