Residential Geothermal Energy Credit
Residential Energy Efficient Property Credit (Section 1122): This nonrefundable energy tax credit will help individual taxpayers pay for qualified residential alternative energy equipment, such as solar hot water heaters, geothermal heat pumps, and wind turbines. The American Recovery and Reinvestment Act (ARRA) removed some of the previously imposed maximum amounts and allows for a credit equal to 30 percent of . . .