The Loophole for Clean Heat
The Omnibus Budget Bill killed tax credits for heat pumps, but kept them for commercially leased geothermal and thermal storage systems.
President Donald Trump's law will soon end tax credits for homeowners who want to install heat pumps or make energy-efficiency improvements.
But there's still one way to tap federal assistance for cleaner heating.
Companies that install geothermal heat pumps and thermal storage systems can earn tax credits and lease them to customers at a lower cost, reflecting the 30% to 50% federal discount.
- Installers are adapting to the new law by starting leasing businesses to take advantage of the incentives.
Author's note: Lawmakers left a loophole for clean heat.
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