Geothermal Heating and Cooling Solutions in Bangor ME

Choose Geothermal Heat Pumps that meet these criteria to get the Tax Credit; and check products carefully, because in many cases an ENERGY STAR certification does not necessarily meet the tax credit requirements below. Read on.

Maine Clean Power
(866) 408-4591
148 Middle St.
Portland, ME
Hours
Monday 9:00AM - 5:00PM
Tuesday 9:00AM - 5:00PM
Wednesday 9:00AM - 5:00PM
Thursday 9:00AM - 5:00PM
Friday 9:00AM - 5:00PM

ELCO Geothermal Heating
(207) 942-4659
311 Perry Rd
Bangor, ME
Services
Geothermal Heating and Cooling, Open & Closed Loop Systems, Pond Loop Systems, Heat Pumps

Revision Energy
(207) 589-4171
91 West Main Street
Liberty, ME
Services
Residential Solar Electricity, Residential Space Heating, Residential Solar Hot Water , Commercial Solar Electricity, Commercial Space Heating, Commercial Solar Hot Water
Membership Organizations
The Green Alliance, Sunpower Premier Dealers, The American Solar Energy Society, Portland Chamber of Commerce, Maine Chapter of the U.S. Green Building Council, Maine Association of Building Efficiency Professionals (MABEP), The Maine Real Estate & Devel

Maine Solar Energy
(207) 232-6595
142 Presumpscot Street
Portland, ME
Services
Solar electricity, Solar hot water, Estimates and Installation

Maineheat
(207) 284-6257
91 Bradley Street
Saco, ME

Data Provided by:
Gagnon Heating and Air Conditioning, Inc.
(207) 647-8782
14 Seymour Drive
Bridgton, ME
Services
Geo Thermal systems, Solar Thermal, Maintenance, Cost Estimates, Snow Melt, Radiant Heat, HVAC
Membership Organizations
US Green Building Council - Maine Chapter

Jim Godbout Plumbing & Heating, Inc.
(207) 283-1200
48 Elm Street
Biddeford, ME
Services
Geothermal Heating & Cooling, Heat Pumps, Heating Contractors, Heating Specialties, Plumbing Contractors-Residential & Commercial, Solar Energy Equipment & Systems-Dealers

Alpha Water Systems LLC
(207) 838-3445
591 Anderson road
Sebago, ME
Services
Geothermal Heating Systems, Drilled Wells, Water Filtration and Treatment, Well Pump Service

Innis Well Drilling, LLC
(207) 942-5646
64 14th Street
Bangor, ME
Services
Geothermal Heating/Cooling Systems, Well Drilling, Pump Systems Installation and Repair Service, Filtration Systems Installation, Video Well Inspection, Specialized Services

Gelinas Hvac Services, Inc
(207) 885-0771
2 Washington Ave
Scarborough, ME

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Geothermal Heating and Cooling Solutions in

Geo-Thermal

Geo-Thermal
Spend $30,000 now and SAVE $3,000 each year... ROI = 10%

Highlights

The ground temperate is a constant that you can use to heat and cool your house. Over the summer the deep ground temperature is warmer than the air and into he summer it is cooler. The 'ground-source heat pump system' uses underground water from a 1,000-foot deep well and pumps, that are basement heat exchangers to move the water.

The system uses no fossil fuels and provide comfort year-round, with zero CO2 emissions, for a fraction of the operating cost of conventional HVAC systems. Geothermal systems also have fewer moving parts than conventional systems, so they are more reliable and require less maintenance, so they last for decades. As a rule of thumb, complete systems run about $2500 to $3500 per 500 square feet of living space. So, a complete geo-thermal system for an average size 2,500 sq. ft. home would run between $12,500 and $17,500. Geo-thermal for larger homes could easily cost $25,000 to $30,000.

The ROI Calculation is based on spending $30,000 to save $250 per month in heating and cooling bills. Many states offer financial incentives to individuals and families looking to make their homes more energy efficient. These incentives range from low interest loans to comprehensive grants that cover all costs. To find if your state offers these programs, check out the Database of State Incentives for Renewables and Efficiency (DSIRE): Click Here . You can save even more if you consider buying a model that is eligible for a tax credit.

TAX CREDITS

The American Recovery and Reinvestment Act (ARRA) provides you with a 30% Tax Credit for Geothermal Heat Pumps that are put into service by the end of 2016. This tax credit item is for existing homes or new construction. This does not have to be your primary residence, as vacations and rentals are eligible, and it includes the cost of materials and installation.

3 KEY POINTS -

  1. The tax credit cap is $1,500 on collective home improvement elements other than Geo-Thermal 'Ground Source' Heat Pumps, Solar Hot Water Heating, Solar Photovoltaic, and Fuel Cell systems - which each have no cap and are eligible through 2016.
  2. The tax credits for exterior 'weatherization' improvements like windows, doors and insulation do not include the cost of installation!
  3. If you reach the $1,500 cap in 2009, you are not eligible for additional tax credits in 2010.

Choose Geothermal Heat Pumps that meet these criteria to get the Tax Credit; and check products carefully, because in many cases an ENERGY STAR certification does not necessarily meet the tax credit requirements below:

geothermal loops

Geothermal Heat Pumps: All Energy Star models qualify.
Close Loop – A ground heat exchanger in which the heat transfer fluid is permanently contained in a closed system.

  • Energy Efficiency Ratio (EER) must be at or above 14.1.
  • Coefficient of Performance must be at or above 3.3.
Open Loop – A ground hea...

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