Deadlines for rebates and tax credits

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Posted on Sep 29 2019 in Orange County REMC

Rebates: The deadline to apply for an Orange County REMC rebate for energy efficient HVAC and water heating equipment is Dec. 1. Visit our website www.myremc.coop for more info and an application. 

Geothermal Tax Credit: The federal tax credit for purchasing a geothermal HVAC unit has been extended through 2019, but then will be stepped down over the next few years as follows: 

• 30% for systems placed in service by Dec. 31, 2019. 

• 26% for systems placed in service after Jan. 1 2020, and before Dec. 31, 2020. 

• 22% for systems placed in service after Jan. 1, 2021 and before Dec. 31, 2022.

Get more information about geothermal tax credits at this website: 

https://www.waterfurnace.com/literature/collateral/br1507mw-tax-credit-residential.pdf