Company touts tax benefits of geothermal
Homeowners looking to save energy and money on their taxes would be wise to consider a geothermal system, Rehau officials said.
The company pointed out that its Raugeo ground-loop heat-exchange system qualifies for tax credits under the American Recovery and Reinvestment Act, the $787 billion economic stimulus bill signed by President Barack Obama Feb. 17.
The bill provides tax credits for the purchase of residential geothermal heat pumps through 2016 and a 10 percent tax credit for commercial installations of the technology.
“Rehau is a company dedicated to innovating for the advancement of both industry and society, and we are enthusiastic about the potential these two acts afford in relation to our role in advancing renewable energy technology adoption in the U.S.,” said Scott Emery, a business unit manager in civil engineering and infrastructure at Rehau. “We look forward to the benefits these acts will have on the adoption momentum of Rehau’s Raugeo heat exchange system in the U.S., as well as its positive effects in underscoring the importance of overall renewable energy technology implementation.”