, use the temperature of the earth to heat or cool a home. They can be more efficient than an
An installed geothermal heat pump must meet certain qualifications to earn a Residential Energy Tax Credit, valued at 50 percent of the device, up to $900. The amount of your tax credit will depend on the size of your geothermal system. See the RETC Rate Chart for more information.
Complete qualifications and instructions are outlined in the RETC Application.
New closed-loop geothermal heat pump systems and upgraded geothermal heat pump compressors must:
Upgraded geothermal heat pump compressors must also:
- Be installed for use with a closed-loop ground coupled heat exchanger.
- Be sized within 15% of the unit it's replacing, based on rated cooling capacity.
Note: The RETC program is scheduled to sunset on December 31, 2017. RETC devices must be purchased by December 31, 2017, operational by April 1, 2018, and applications must be received by ODOE no later than June 1, 2018.
Ask your installing technician to fill out the device information in the RETC application for geothermal heat pumps. Your installer should also provide you with a copy of your equipment manufacturer's specification sheet, which will show the COP rating.
Complete the rest of the application with your information, including any other incentives you are receiving. Send the application to us with a copy of your receipt listing the date, installer’s name, model of your equipment, and the price you paid, as well as the specification sheet.
(instructions and application)
Other federal, local, or utility programs may also offer incentives .
Become an Approved Technician
To become an approved tax
credit technician for geothermal heat pumps, you must complete the International
Ground Source Heat Pump Association training, the IGSHPA certified
manufacturer's training program, or other training program approved by the
Oregon Department of Energy. Download the application for complete
Your status as an approved technician must be
renewed every two years, and you must complete continuing education or training
courses. Download the renewal application for complete instructions.