With rising energy prices, gas and electric heating systems are costing home owners more and more every month. Ingram’s Water & Air Equipment can provide a geothermal system to heat and cool your home so that you’ll have more money in your pocket. Visit http://ingramswaterandair.com to see just how much a geothermal system really costs.
Paducah, KY (PRWEB) November 8, 2008 — For many years homeowners have installed traditional heating and cooling systems believing this was the only option. Many believe that more efficient systems like geothermal heat pumps are either too expensive to install or too large for their homes. The staff at Ingram’s Water & Air Equipment believes this simply isn’t true. These systems are more plausible today than ever, and installing a system from Ingram’s Water & Air Equipment is easier than you might think.
Federal Tax Credit Available! Check locally for other credits and rebates!
The installation of a geothermal system can save 30 to 70% on heating and cooling bills annually compared to a traditional system. These systems produce three to four units of heat for every one unit of energy it uses to power the system; traditional systems give you less than a one to one ratio. In fact, geothermal systems are recognized by the Environmental Protection Agency as the most environmentally-safe, cost effective heating and cooling system on the market. Most geothermal systems pay for themselves in five years or less.
According to the EPA, “geothermal heat pumps can reduce energy consumption–and corresponding emissions–up to 44% compared to air-source heat pumps and up to 72% compared to electric resistance heating with standard air-conditioning equipment.” In one article the Department of Energy states “There are approximately 50,000 geothermal heat pumps installed in the United States each year.”
If you’re still not sure if geothermal is right for you, think again! Startup costs for geothermal equipment can range from as low as $4000 depending on system setup. With multiple ways to setup geothermal systems, lowering your heating and cooling bills can be as easy as connecting a unit to an existing well. Ingram’s Water & Air Equipment can provide you with Do-It-Yourself systems that can be up and running in no time. Additionally, geothermal systems not only heat and cool your home; some equipment can provide you with free hot water. This gives you one more way to cut down on energy bills.
Due to the recent passage of the Energy Improvement and Extension Act of 2008 (H.R. 1424) there are new benefits to installing a geothermal heating and cooling system. This bill offers a one-time tax credit of 30% of the total investment for all residential ground loop or ground water geothermal heat pump installations. The maximum is $2,000 for a single residence.
Energy Star requirements must be met or exceeded and the unit must be installed after December 31, 2007, to qualify for this tax credit. To file for the credit, owners should complete the Renewable Energy Credits subsection on their tax return forms or speak to a professional tax associate. No proof of purchase is required; however, owners are encouraged to keep records of the purchase and installation. The tax credit is retroactive to January 1st, 2008, and is available through December 31, 2016.
All of these reasons make installing a geothermal system in your home or business more enticing than ever. Installing a geothermal system will allow you to cut down on energy costs and provide you capital to spend elsewhere. The next time you look at your electric or gas bill, don’t get angry, get even. Let Ingram’s Water & Air Equipment help you install a geothermal system today. Please visit us Online or call our office at 860-360-1569.
