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Click ‘Get Form’ to open the Understand The Geothermal Tax Credit Extension in Pennsylvania document in the editor.
Begin by entering your name as it appears on your tax return and your Social Security Number or Federal Employer Identification Number in the designated fields.
In column C, input the physical address of the home where the geothermal system was installed, followed by the installation completion date.
Next, provide the brand name and model number of your geothermal system. If you have multiple systems, ensure to include additional schedules as needed.
Enter the installation cost of your geothermal system and any grants received for this installation. Subtract the grant amount from the installation cost to determine your eligible credit amount.
Finally, add up all applicable amounts to calculate your current year geothermal system credit and follow instructions for reporting this credit based on your filing status.
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The Residential Clean Energy Tax Credit covers 30% of the total system cost, including installation, of GeoThermal heat pumps meeting the requirements of the ENERGY STAR program. Under the One Big Beautiful Bill Act (OBBA) passed in July 2025, the new GeoThermal system must be placed in service before January 1, 2026.
Are solar tax credits going away in 2025?
With legislation already signed into law, 2025 is officially the final year for homeowners to claim the full 30% solar credit. The federal solar tax credit 2025 still offers major savings, but the residential solar tax credit will expire after December 31, 2025, with no phase-down.
How long does it take for geothermal to pay for itself?
How long does it take for geothermal to pay for itself? The payback period for a typical geothermal heat pump system, or the time it takes to save your upfront investment in the form of reduced energy costs, is between 5 and 10 years, according to the Department of Energy.
How does the 30 percent solar tax credit work?
The Residential Clean Energy Credit equals 30% of the costs of new, qualified clean energy property for your home installed anytime from 2022 through 2032. The credit percentage rate phases down to 26 percent for property placed in service in 2033 and 22 percent for property placed in service in 2034.
How much does it cost to put geothermal in a 2000 sq ft house?
To a geothermal heat pump in 2,000 square foot home it will cost between $15,000 to $38,000 based on the system size and loop type. This is double the price of of a conventional HVAC system, but the savings on utility bills will be beneficial in the long run. Find the best HVAC contractors in your area.
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Act fast! This credit expires on Dec. 31, 2025. The 25D Geothermal Heating and Cooling tax credit is available to federal taxpayers who geothermal heat pumps in their homes. To qualify for the tax credit, youll need to complete your project by Dec. 31, 2025.
How does the 30% tax credit work for geothermal heat?
The 30% tax credit for geothermal heat pump installations is valid through the end of 2025 and can be retroactively applied to installations placed in service on January 1, 2022 or later. Property is usually considered to be placed in service when installation is complete and equipment is ready for use.
How much is a geothermal tax credit?
The following Residential Clean Energy Tax Credit amounts apply for the prescribed periods: 30% for property placed in service after December 31, 2016, and before January 1, 2020. 26% for property placed in service after December 31, 2019, and before January 1, 2022.
Related links
Renewable Energy: Use and Efficiency
If you have made or plan on making energy efficiency improvements to your home, tax credits are available for a portion of qualifying expenses. Image: Heat Pump
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