Rebates and Tax Credits for Geothermal Heat Pumps

A geothermal heat pump is the most energy-efficient heating and cooling system available and can pay for itself in energy savings over a relatively short period of time. With the passage of the American Recovery and Reinvestment Act of 2009, you will receive tax credits worth 30% of the cost (no limit or cap) to install an ENERGY STAR® qualified geothermal heat pump in your home (system must be installed before December 31, 2016) to help offset the higher installation costs. There are also rebates available for a geothermal installation on the local, state and utility levels. Although the price of a geothermal installation is higher, available rebates and incentives can help offset your initial investment.

Click the Maryland County below to view a full list of geothermal rebates and tax credits that are offered in your area.

Carroll County

  • State Tax Credit: Up to $1,000
  • BGE Utility Rebate: $1,800
  • Federal Tax Credit: 30% of the System Cost (no upper limit)

Baltimore County

  • State Tax Credit: Up to $1,000
  • BGE Utility Rebate: $1,800
  • Federal Tax Credit: 30% of the System Cost (no upper limit)
  • County Property Tax Credit: $5,000

Baltimore City

  • State Tax Credit: Up to $1,000
  • BGE Utility Rebate: $1,800
  • Federal Tax Credit: 30% of the System Cost (no upper limit)

Harford County

  • State Tax Credit: Up to $1,000
  • BGE Utility Rebate: $1,800
  • Federal Tax Credit: 30% of the System Cost (no upper limit)
  • County Property Tax Credit: $2,500

Howard County

  • State Tax Credit: Up to $1,000
  • BGE Utility Rebate: $1,800
  • Federal Tax Credit: 30% of the System Cost (no upper limit)

Montgomery County

  • State Tax Credit: Up to $1,000
  • BGE Utility Rebate: $1,800
  • Federal Tax Credit: 30% of the System Cost (no upper limit)

Anne Arundel County

  • State Tax Credit: Up to $1,000
  • BGE Utility Rebate: $1,800
  • Federal Tax Credit: 30% of the System Cost (no upper limit)
  • County Property Tax Credit: $2,500

Prince George's County

  • State Tax Credit: Up to $1,000
  • BGE Utility Rebate: $1,800
  • Federal Tax Credit: 30% of the System Cost (no upper limit)
  • County Property Tax Credit: $5,000

Frederick County

  • State Tax Credit: Up to $1,000
  • BGE Utility Rebate: $1,800
  • Federal Tax Credit: 30% of the System Cost (no upper limit)

Visit www.energystar.gov or www.dsireusa.org for more information on the tax credits and rebates available.

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