Geothermal: Financing & Incentives
Achieve is proud to be a WaterFurnace Geopro Master Dealer. WaterFurnace considers Achieve one of its best dealers based on our training, service capabilities and sales volume. We are proud to have achieved this status and strive to provide the highest level of service and support to our valued clients.
Some customers may choose to obtain a low interest loan to finance their geothermal installation. Depending on the terms of the loan, the monthly payments can be significantly less than utility bills with old heating and cooling systems. In these cases, the payback is immediate because positive cash flow is realized in the first month of operation.
Achieve has access to a variety of industry financing options for our renewable energy solutions. Programs and rates vary substantially based on which product(s) are being financed, the size of the project and the location. Organizations such as MassSave.org offer financing at as little as 0% interest. We encourage you to discuss financing alternatives with us.
Currently, single family residential owners who install a geothermal heating and cooling system are eligible for a one-time tax credit of 30%. In many New England States, geothermal systems are tax exempt. Property owners should also contact their local utilities who may also offer rebates for the installation of high efficiency heating and cooling systems.
Commercial projects qualify for a 10 % federal tax credit and accelerated 5-year depreciation. It is also possible to obtain an energy efficient building deduction of up to $1.80 per square foot.