GeoSun Design
Massachusetts geothermal heating, cooling, and refrigeration contractor
Design of and Consulting for Renewable Energy Systems
   

The design phase is the first of three steps.  Properly planning and laying out your work results in a quality job.

Financing Geothermal and Solar Systems


Financing your Renewable Energy System

 

There are many ways to finance your renewable energy project.  First, many grants and rebates exist, there are tax incentives, and loans available. 

Massachusetts residents: Mass Heat Loan now offers up to $ 25,000 at zero interest to finance the installation of Geothermal HVAC systems.  This same program now has availability for commercial projects as well.  Call us for more details.

Whether your project is for a residential, commercial or municipal use will change which grants, rebates, incentives, or loans you qualify for.

REC's and SREC's - Renewable energy credits and Solar renewable energy credits represent a developing market and another potential source of revenue to offset the investment in a solar pv system. 

GeoSun Design will help you navigate these details to find the resources available for you.

GeoSun Design is currently working with lenders offering you the option to finance your geothermal or solar array system.  Some of these lenders can offer you a 4% fixed rate 10 year loan for your renewable energy system.  There are other loan programs available through State and Federal programs. 

You may find these details by visiting our 'Resources' page and click on the link to 'dsireusa.org'.  We have some listed below but these programs do change from time to time so please also visit our links page and follow the related link that applies to your question.

Rebate program details vary depending on many things among which is the state in which the property is located.  The incentives listed below are the Federal Tax Credits available.  Each state has individual programs which should be researched for your specific circumstance at the current time as they may change from time to time.

Incentives for Geothermal in Connecticut

  • 30% Federal Tax Credit

Incentives for Solar in Connecticut

  • 30% Federal Tax Credit

Incentives for Geothermal in Maine

  • 30% Federal Tax Credit

Incentives for Solar in Maine

  • 30% Federal Tax Credit

Incentives for Geothermal in Massachusetts

  • 30% Federal Tax Credit
  • 0% interest loan up to $ 25,000
  • No sales tax
  • accelerated depreciation for business/commercial

Incentives for Solar in Massachusetts

  • 30% Federal Tax Credit

Incentives for Geothermal in New Hampshire

  • 30% Federal Tax Credit

Incentives for Solar in New Hampshire

  • 30% Federal Tax Credit

Incentives for Geothermal in New York

  • 30% Federal Tax Credit

Incentives for Solar in New York

  • 30% Federal Tax Credit

Incentives for Geothermal in Vermont

  • 30% Federal Tax Credit

Incentives for Solar in Vermont

  • 30% Federal Tax Credit