Benefits of Geothermal
Cappy’s Benefits of Geothermal: Use what’s already there — a free & renewable supply of energy!
Did you know there is an abundant source of energy to heat and cool your home and water year round? A majority of people assume this energy comes from the sun using solar but the most efficient source comes from just beneath the earth’s surface!
The biggest opportunity for savings comes from your heating and cooling system.
Two thirds of a typical homeowner’s energy bill is from heating, cooling & hot water. The rest is for lighting, appliances and other usage.
Replacing an existing HVAC system with a Geothermal unit can provide savings up to 70% on utility bills!
See how much you can save in your area by using our geothermal savings savings calculator.
Converting to Geothermal is a Smart Investment!
Did you know Geothermal heat pumps help electric utilities achieve significant reductions in their peak demand loads? You can save even more thanks to federal tax credits and local incentives to going green with your home’s comfort system.
Geothermal helps reduce the need for new local power plants that are typically powered by coal or natural gas which are non-renewable fossil fuels.
Federal and State Geothermal Incentives
Our Michigan geothermal customers are eligible for the following incentives.
Federal Tax Credit
– Save 30% off the total cost of installation with a recently implemented federal tax credit. You get to save money every month on your energy bill and significant savings off the cost of a new system.
State and Local Incentives
-DSIRE is a comprehensive source of information on state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency. Established in 1995 and funded by the U.S. Department of Energy, DSIRE is an ongoing project of the N.C. Solar Center and the Interstate Renewable Energy Council.