A Complete Guide to Geothermal Tax Incentives - Self Study


Author: Charles Goulding

Subjects: Renewable HVAC: Geothermal

Student Rating

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326 students have taken this course


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.

Ready To Sign Up Today? Click Here to Enroll

Flexible Online Training for Industry Professionals

This is a self-study, self-paced online course. You can begin instantly upon enrollment and complete the course materials at your own pace.

Access Information and Build Your Training Library

After enrolling, the course materials will remain in your account and be accessible 12 months (1 year) after enrollment. Access can be extended beyond 1 year with a monthly membership. Rewatch videos and review assignments as many times as you want. View updates the instructor makes to the course as the industry advances. Return to your course anytime with online access from anywhere in the world.

Certificates of Completion Available for Members Only

Certificates of completion are only provided to HeatSpring Membership subscribers. This course has not been approved by any credentialing organizations (NABCEP, AIA, USGBC etc) for Continuing Education Credits (CEUs). This course is for self education purposes only and completion does not indicate a level of professional expertise or credential.


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

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.

  • READING: Nov. 1 IRS Guidance on Geothermal Systems Read Page 11 (Download .pdf)
  • Click to watch part 1 of the presentation (Video - 18:31 minutes)
  • READING: Click to download "Understanding EPAct Government Designer Benefits" (Download .pdf)
  • RESOURCE: Download a PDF copy of the presentation (Download .pdf)
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.

  • Click to watch part 2 of the presentation (Video - 08:32 minutes)
  • READING: Click to download "Energy Tax Aspects of Geothermal Heat Pumps" (Download .pdf)
  • RESOURCE: Sample Geothermal Award Letter (Download .pdf)

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