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Geothermal System’s Financial Advantage

Geothermal System’s Financial Advantage

Expert Interview - Brian Urlaub Project Engineer

energy-inputs-graphic2

Equipment and Labor Cost Comparison Geo vs Furnace & Central Air

Geothermal Commercial Grade VFD 5 Ton Unit

installed: $15,000 - $18,000

Tax Credits & Rebates

Commercial Ground Source Heat Pump
Alliant Energy 2021 Rebate $6000
10% Geothermal Federal Tax Credit $1500-$1800
US DOE - REAP Grant - up to 25% $4500

Total (not including depreciation asset value) = $12,000

Gas Furnace & Central AC

installed: $9000 - $10,000*

Tax Credits & Rebates

Traditional Efficient Central Air Conditioner
(new or existing building < 5000sq ft)
Alliant Energy 2021 Rebate Max Rebate amount is $600
No federal tax credit
No Grant Opportunities

*96% efficient furnace & 16 Seer rated AC

Sources

Rabe Hardware
317 Locust St SW NW
Blairstown, IA 52209

Northeast Iowa Mechanical
19034 Fleet Rd.
Elgin, IA 52141

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