The Residential Renewable Energy Tax Credit is back pursuant to the Congressional budget compromise reached last night. What this means for homeowners is that if you are considering upgrading your heating and cooling system to geothermal, you now could get up to a thirty percent federal income tax credit on the amount you spend. A phase-out of the credit will begin in 2020. Geothermal systems are expensive to install, and we always recommend hiring a lawyer prior to entering into any construction contract. For all your real estate legal needs, please contact Justin Leverton at jwl@kgrlaw.com
