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Incentives
New York State Incentives
New York State Clean Energy Program provides generous incentives for installation of a Geo Group ground source heat pump systems.
ConEd $20,000 Rebate Incentive
Other Utilities - Slightly Less
30%
PLUS
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 $25,000 in heat pump incentives for a Geo Group Geothermal System.
Technology Matters!*
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
Custom Design & Installation $80,000 TOTAL
Federal Tax Credit 30% -24,000
Plus Con Edison Incentive -20,000
NYS - 5,000
Total Incentives $49,000 -$49,000
Homeowner Out of Pocket $31,000
Value of Changing 20 yr. old System -20,000
Bottom Line - 'Real Cost' $11,000 Incremental Geo Cost
3.5 Year Payback!
Documented Annual Savings $3,050
Homeowner Never Purchases Propane Again!
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 -57,600 Incentives
Homeowner Out of Pocket Cost $84,400
Propane Hydro-aire System & 1500 Ft. Radiant
Six (6) Zone Propane Would Have Cost -70,000 Propane System
Bottom Line - 'Real Cost' $14,400 Incremental Geo Cost
3.5 Year Payback!
Documented Annual Savings $4,620
Perfect Comfort . . .
Every Room, Every Season, Every Sensibility
Homeowner Enjoys a 'Fossil Fuel Free' Environment
Technology Matters!
NYS Utility Incentives
Higher Performance Delivers Higher Incentives When You Own A GeoGroup Heating & Cooling System
Certified
Compare Heat Pump Incentives
Westchester County
5 Ton Heat Pump
61,500 BTU/h
NYS
Utility
Heat Pump
Incentives
$0.20/BTU/h
$20,000.
$9,580
$20,000
$12,300
$20,000
$0.15/BTU/h
$7,185
$9,225
OTHER
Geothermal
5 Ton Heat Pump
47,900 BTU/h
$0.15/BTU/h
$7,185
$0.20/BTU/h
$9,580
$9,225
$12,300
*The Geothermal Group does not provide tax, legal or accounting advise. Speak with your legal and tax accountants to learn how your taxes will benefit by the Federal Tax Credit.
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