A new program from WaterFurnace International, Inc. offers up to $2,000 in rebates to homeowners who upgrade existing geothermal heating and cooling equipment with new WaterFurnace Envision™, Synergy3D or Envision Series Split (and Air Handler) units on or before March 31, 2011.
The Geothermal Upgrade Event from WaterFurnace offers:
• $2,000 to homeowners who upgrade WaterFurnace equipment that is between 1 and 10 years old.
• $1,000 to homeowners who upgrade WaterFurnace equipment that is 11+ years old.
• $1,000 to homeowners who upgrade a brand of geothermal equipment other than WaterFurnace.
“The new equipment also qualifies for a federal tax credit equal to 30% of installation costs, making this the perfect time to upgrade to WaterFurnace,” said WaterFurnace Director of Marketing Tim Litton.
Under the provisions of the American Recovery and Reinvestment Act (ARRA) of 2009, homeowners who install a geothermal system before Dec. 31, 2016, can take advantage of a federal renewable energy tax credit of 30 percent of the total investment of the system. This tax incentive is retroactive to Jan. 1, 2009.