A Complete Guide to Geothermal Tax Incentives


Length: 2 weeks

Instructor: Charles Goulding

Subjects: Renewable HVAC: Geothermal


Earn more jobs by learning how tax credits can make each job more economical for your clients.

Enroll in this free, comprehensive course, taught by an energy and tax expert and learn about...

-The tax benefits geothermal HVAC installations can receive
-How to apply for these benefits
-How they can impact the economics of a project

Topics will include the EPAct of 2005, Bonus Depreciation, Geothermal Heat Pump Tax Credit/Grant for Business, Geothermal Heat Pump Grant for Residential.

Self-Paced Online Course

This course is self-paced and entirely online. The lecture videos and other materials are available any time, and the instructor responds to student questions through a discussion board. In order to participate, you will need an Internet connection and an up-to-date web browser.

Supported by Student Advocate – Tom McCormack

In addition to instructor support via the discussion board, students have access to Tom McCormack, HeatSpring's Student Advocate. He is available to answer general questions via email, course discussion board, or chat.

Earn a Certificate of Completion

When you complete this course you are eligible for a certificate of completion from HeatSpring. You can download your certificate as soon as you have completed all of the course requirements. Students can easily share their verified certificates on their LinkedIn profiles using our one-click LinkedIn integration.

Your Instructor

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Charles Goulding

Charles R. Goulding is an Attorney/CPA and President and founder of Energy Tax Saver's Inc. Previously he was a Managing Director at Cooper Industries, Inc. in Houston, Texas. Before joining Cooper, Mr. Goulding was a vice president of Dover Corporation, a seven billion dollar sales NYSE diversified industrial manufacturer. He has also operated a private Accounting...[more]

Course Outline

Welcome - Orientation Materials

This is a free course. We take pride in our free courses, but keep in mind that this is only a taste of what we do in a full HeatSpring course. For this course you can use the discussion board to interact with other students and ask questions. You will have access to all of the online materials for a full year. Contact Tom McCormack, your Student Advocate, if you have questions. Please review the orientation materials and introduce yourself on the discussion board.

Week 1 - What are the Credits, Who Can Apply and How?

The first module includes a comprehensive review of the EPAct tax deduction. For commercial property we cover EPAct incentives, tax credits and grants and explain how your past commercial projects could be a time-limited goldmine. We discuss allocation of incentives in multiple designer situations and also cover the HVAC related components that we have seen qualify in the past on geothermal projects. We close the presentation with a discussion of energy modeling requirements for energy tax incentives.

Week 2 - How do the Credits Affect Project Economics and How Can They Be Maximized?

The second module reviews bonus depreciation as well as commercial and residential tax credits available for geothermal. We will provide an overview of the application and verification process for the credits, however every project is different and if you have specific questions please use the discussion board. We will also discuss how to optimize geothermal tax combinations including geothermal/ LED lighting combinations and geothermal HVAC combinations including HVAC controls.

After The Course - Feedback and Additional Resources

No matter how great this course is, we know it's just one part of a bigger journey. In this module we'll start thinking about what comes next. You'll provide feedback on the course, request a certificate of completion, and learn about additional resources. Don't forget that you'll have access to this course and all updates we make to it for at least a year. Feel free to come back as much as you like to continue learning, and please stay in touch. Let us know what you do next and how we can help.

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