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Installation Cost

Costs will vary by location, the size of your home, equipment installed, and local incentives, but on average you can expect to pay between $18,000 to $30,000 for the installation, the indoor unit, and the underground loops. As a reminder, the system will end up paying for itself in three to four years.

Tax Credits

Homeowners who install a geothermal system are eligible for a generous
federal tax credit and could also qualify for state and utility incentives.

26%

Federal tax credit from
Jan. 1, 2020 until Dec. 31, 2022

22%

Federal tax credit from Jan. 1, 2023
until Dec. 31, 2023

map-ic@2x

Additional local incentives may be
available or your home. CLICK HERE

  • -
    No limit to credit amount
  • -
    Can be combined with energy efficiency upgrade credits
  • -
    Can be used in more than one year
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    Can be combined with solar and wind tax credits
  • -
    Can be used to offset alternative minimum tax (AMT)

Flexible Payment Plans

While installation costs tend to be higher than traditional HVAC units, flexible payment plans are available for installation. And the system can pay for itself in just three to four years.