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Incentives
New York State Incentives
NYSERDA New York State Clean Heat Program as well as some NYS utility companies provide generous incentives for installation of a Geo Group ground source heat pump system. A Geo Group System qualifies for the highest incentives in the industry.
Connecticut Incentives
The Geo Group is an approved contractor for DEEP (Department of Energy and Environmental Protection). Connecticut homeowners can qualify for $1,500/ton up to $10,000 in heat pump incentives for a Geo Group Geothermal System.
See NYS Comparison Incentive Chart Below . . .
The #1 Geothermal Designer & Installer in the Northeast
Most Northeast Utilities Offer Substantial Rebates.
These incentives save homeowners thousands of dollars More when installing a
GeoGroup Heat Pump System. . . See NYS Comparison Incentive Chart & Actual Project Costs below.
Actual GeoGroup
Projects, Incentives & Costs
Retrofit - Converted Fossil Fuel (Propane) Systems to Geothermal
Project Location - Lower Westchester County, NY
Home Circa - 2000
Two (2) System
Custom Design & Installation $72,000 TOTAL
Federal Tax Credit Plus Con Edison Incentive -32,500 Incentives
Homeowner $39,500 Out of Pocket Cost
Value of Changing 20 yr. old System -20,000 Cost to Change Old System
Bottom Line - 'Real Cost' $19,500 Incremental Geo Cost
Homeowner Never Purchases Propane Again!
6 Year Payback!
Documented Annual Savings $3,050
New Construction - Geothermal vs. Propane Hydro-aire System
Project Location - Litchfield County, CT
Four (4) True Zone - Six (6) Total Zones
Geothermal Design & Installation All In $142,000 TOTAL
Federal Tax Credit Plus Connecticut Ince -46,000 Incentives
Homeowner $96,000 Out of Pocket Cost
Propane Hydro-aire System & 1500 Ft. Radiant
Six (6) Zone Propane Would Have C -70,000 Propane System
Bottom Line - 'Real Cost' $26,000 Incremental Geo Cost
Homeowner Enjoys a 'Fossil Fuel Free' Environment
Perfect Comfort . . .
Every Room, Every Season, Every Sensibility
5.5 Year Payback!
Documented Annual Savings $4,620
Higher Performance Translates to Higher Incentives & Savings
NYS Utility Incentives
Compare Heat Pump Technologies
Utility
Heat Pump
Incentives
OTHER
Geothermal
5 Ton Heat Pump
47,900 BTU/h
Advantage
5 Ton Heat Pump
61,500 BTU/h
NYS
Certified
$0.20/BTU/h
$0.285/BTUH
$0.15/BTUH
$0.15/BTUH
$9,580
$13,802
$7,185
$7,185
$12,300
$17,528
$9,225
$9,225
