Tax credits and rebates

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Posted on Nov 05 2022 in Orange County REMC
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REMC REBATE PROGRAM

Your co-op offers incentives and rebates for members who install energy efficient equipment in their home or business. But you need to act fast. The deadline to apply for a Orange County REMC rebate for energy efficient HVAC and water heating equipment is Dec. 15. Get more info and an application at our website, myremc.coop.

GEOTHERMAL TAX CREDIT 

The federal tax credit for purchasing a geothermal HVAC unit has been extended until 2024, but is being stepped down each year as follows:

26% for systems placed in service after Dec. 31, 2019 and before Jan. 1, 2023

22% for systems placed in service after Dec. 31, 2022 and before Jan. 1, 2024

Get more information about federal tax credits for energy efficient equipment at energystar.gov/about/federal_tax_credits.