No tax credit for the MOST EFFICIENT home Heating/Cooling technology?!?!?

Question

Why doesn't Geothermal have tax credits?

There are tax credits for new windows, siding, solar, etc. so why not for the MOST efficient heat/cool technology?!?!

If there are some that I am unaware of can someone give me some links to them please? Thanks

Answer 1

you just proved the backwards political landscape of america. soon i am hoping they will cover tax breaks on a variety of clean energy in both industrial and residential uses. congress currently is debating fuel efficiency bills, alternative energy bills and other legislation aimed at creating a more socially aware america. i do believe in the future we will see tax breaks for the most efficient heating and cooling technology. but in the meantime your new efficient product will more than pay for itself within the first 2-3 years of your ownership and you are doing your part as a socially aware and responsible american citizen to cut down on your pollution and consumption. good luck.

Answer 2

I don't think too many people have it

Answer 3

Because of Bush.  He's set us back 30-40 yrs on environmental issues.  Things that should be done:

-Slap higher mpg requirements on cars/trucks.

-Take away the incentives that big oil no longer needs and give them to alternative technology.

-Enforce EPA regulations.

  

If we could do things like build the SR-22, go to the moon, etc. in short order (when we put our minds and $$ behind it); we could fix/innovate our energy problems in a year or two if the right amount of support was behind it!!.  

Yes, it can be done in the open mkt without gov't help but if oil can get subsidies there's NO reason that Alt Energy shouldn't get even more $$$.  Additionally, the gov't backing ($$) will speed up the process!!

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Time for Bush to get the BOOT!!

Time to put $$ and tax credits behind Alt Energy solutions!!

Time to fix our Medical Issues.  I.e. Out of control costs that are driving companies and even Cities into the RED!!

Time for flat tax!!

Time to fix SS!!

Sorry for the tone, have a nice day..  ;-)

Answer 4

First of all, this system has been around for over 60 years, and very few can be found in today's homes, as installation and equipment cost is just too high for the average homeowner and first time buyer.

  Also, because of the type of "ground drilling" necesary for installation, many cities will not issue permits because of underground utilities.  Also, after the initial cost, the life expectancy is only about 20 years or so, before replacement is necessary, and it takes about 8-10 years to realize any savings over conventional systems.

  Like electric heating and cooling, for most efficient operation, the home must be insulated to very strict requirements for this system to perform correctly.

  For those that can afford it, it's great, but those people also generally don't need the tax credits.

Answer 5

http://www.bankrate.com/brm/itax/tax_adv...