Business Briefs, March 5, 2009
A significant new tax incentive for homeowners who install geothermal
and air source heat pump systems in 2009 is now available through
the American Recovery and Revitalization Act recently signed into
law by President Obama, according to a press release from Nelson
Mechanical Design (NMD).
Under the new law, the press release states, up to 30 percent of
the total cost of a geothermal system and up to $1,500 of the total
cost of an air source heat pump installed in 2009 can be applied
as a credit to a homeowner’s 2009 taxes.
NMD, a Vineyard-Haven based company that designs and installs all
types of geothermal and heat pump systems, asserts that operating
costs for heat pump systems range from 30 to 60 percent less than
comparable propane and fuel oil heating systems.
For more information, contact NMD at 508-696-3120. |
