01 Aug
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National Center on School Infrastructure (NCSI)
|
Revenue
01 Aug
National Center on School Infrastructure (NCSI)
Revenue
Businesses and tax-exempt organizations, including schools, can claim the Investment Tax Credit (Sec 48) for ground-source heat pump (aka geothermal heat pump) projects. Schools can receive a cash reimbursement for up to 50% of project costs if their ground-source heat pump projects meet prevailing wage and apprenticeship, use domestic content, and site projects in “energy communities”. This tax credit is available for ground-source heat pump projects that commence construction by Dec 31, 2034.
This tax credit is non-competitive, there are no caps on funding, and schools receive the value of the tax credit in the form of a cash reimbursement through Elective Pay.
📌 Ground-Source Heat Pumps Investment Tax Credit (Revenue)
🏢 National Center on School Infrastructure (NCSI)
📍 Revenue