Columbia, MO home builders


Geothermal Heat Pumps
 

8 wells being drilled in the front yard of one of our homes under construction

You are standing on the most efficient heating system available - the earth. The Ground Source Heat Pump is the ultimate heating, cooling and water heating system. It is efficient, affordable and safe. Heat is much easier to move than to create. The system has three basic components: the heat pump unit; buried plastic pipe loops; a pump to circulate fluid through the loop.

In winter, an antifreeze solution circulates through the plastic pipe-loop and picks up heat from the earth. Vapor compression/refrigeration enhances the heat and then blows warm air through the ductwork into your home. No backup heating system is needed if the system is installed and sized properly.

In summer, the heat pump removes heat from the house and transfers it into the earth. Excess heat is used to heat your water. You can use the system to heat 60 - 70% of your domestic hot water for FREE all summer.

The Ground Source Heat Pump is often 300% or more efficient. The most expensive gas furnaces only reach 90 - 95% efficiency levels. A Ground Source Heat Pump can lower your home heating costs as much as 50 - 70% and reduce your cooling costs 30 - 40% over conventional electric systems.

You can be Paid to install geothermal!

2 ways to be paid are:

1. If you are building in Boone Electric's service territory and you install a qualified system you can recieve:
• $750 per ton if it meets Boone’s installation requirements
($250 per ton from Boone and $500 per ton from AECI; conditions apply)
• Limit of 10-ton for residential and 50-ton for commercial. Contact BEC for details. http://www.booneelectric.coop/MemberServ/GSHP.html

2.  You can recieve 30% of the cost of the entire geothermal system as a Federal tax Credit.

This exciting new tax credit is now available for home and commercial building owners who install geothermal heating and cooling systems through the Energy Improvement and Extension Act of 2008 (H.R. 1424). H.R. 1424 offers a onetime tax credit of 30% of the total investment for homeowners who install residential ground loop or ground water geothermal heat pumps. A credit of 10% of the total investment is also available (no maximum) for a commercial system installation.


To qualify, the systems must meet or exceed EnergyStar requirements and be installed after December 31, 2007. While units installed in 2008 are subject to a $2,000 cap on the credit, units installed from 2009 through 2016 can take advantage of the full credit. Owners can file for the credit by completing the Renewable Energy Credits subsection on their tax return forms for 2008. For taxpayers that are subject to the Alternative Minimum Tax, they can claim the credit on their taxes for the following year. No proof of purchase will be required; however, in case of an audit, owners are encouraged to keep a detailed invoice of their purchase on file. The contractor who sold and installed the product should list the purchase as a "Geothermal Heat Pump" on the invoice and that it "Exceeds requirements of Energy Star program currently in effect".

The tax credit is available through December 31, 2016. Consult your local tax professional for advice on taking advantage of the tax credit, as this announcement is not intended as a recommendation or endorsement of any financial strategy.