Homeowners looking to save energy and money on their taxes would be wise to consider a geothermal system, Rehau officials say.
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.”
Company touts tax benefits of geothermal
March 3, 2009