Love's Geothermal Rebate's Please see the information below about the rebates and tax incentives for the Geothermal systems. Geothermal system above is eligible for the following tax incentives/rebates (valid for installations completed April 1, 2024 through Dec. 31, 2024): Federal Tax Credit of up to 30% of installation cost (including cost of outdoor wells/installed by others). Must be the primary residence. Utility Co. Rebate of up to: BGE-$3,440 per system, Pepco Power Co.- $2,940 per system, Delmarva Power Co.- $2,190 per system, Potomac Edison- $7,000 per system up to two systems, and SMECO- $2,190 per system State of MD/MEA Rebate of up to $3,000. Must be the primary residence Geothermal Rec credits are available for the unit(s) installed GREC Crash Course: About Geothermal Renewable Energy Credits – Carbon Solutions Group Anne Arundel County tax credit of up to $2,500 Baltimore County tax credit of up to $5,000 (5 year waiting list) Prince George’s County tax credit of up to $5,000 (multi-year waiting list). Must have application notarized before submission. Please see the charts below for the Conventional HVAC rebates and Tax incentives. Equipment System Type Tier EER COP SEER2 HSPF2 Smeco BGE Pepco DPL Air Source Heat Pumps Single Package 1 N/A 15.2 6.7 $540 $940 $740 $540 Split System 1 15.2 7.5 $540 $940 $740 $540 Single Package 2 16.9 6.7 $915 $1,940 $1,240 $915 Split System 2 16.9 7.5 $915 $1,940 $1,240 $915 Central Air Conditioner Single Package 1 15.2 $240 $340 $240 $240 Split System 1 15.2 $240 $340 $240 $240 Single Package 2 16.9 $440 $540 $440 $440 Split System 2 16.9 $440 $540 $440 $440 Ductless Heat Pump Multi-Zone N/A 15.5 7.5 $540 $940 $740 $540 Single Zone N/A 18 7.5 $315 $690 $440 $315 Geothermal Heat Pump Closed Loop N/A 17.1 3.6 N/A $2,190 $3,440 $2,940 $2,190 Smart Thermostat N/A Energy Star $75 $75 $75 $75 HP Water Heater $700 $1,500 $1,500 $1,500 Yellow: SMECOGreen: BGE Pink: PepcoPurple: Delmarva power Potomac Edison only is below. Heat Pump water heaters for PE is only $900 2024 Eligibility Requirements and Incentive Amounts Effective April 1, 2024 Potomac Edison - MD HVAC Measures Equipment Type Eligibility Requirements Maximum Trade Ally Admin Fee Minimum Customer Incentive SEER2 EER2 HSPF2 CAC & Ducted Mini Split, Tier 1 Split System ≥15.2 N/A $100 $700 Single Package ≥15.2 $100 $700 CAC & Ducted Mini Split, Tier 2 Split System ≥16.9 $100 $1,400 Single Package ≥16.9 $100 $1,400 ASHP & Ducted Mini Split, Tier 1 Split System ≥15.2 N/A $100 $800 Single Package ≥15.2 $100 $800 ASHP & Ducted Mini Split, Tier 2 Split System ≥16.9 $100 $1,300 Single Package ≥16.9 $100 $1,300 Heat Pump - Cold Climate (These Measures are not eligible for Dual Fuel) Split System - Non Ducted ≥15.2 COP 1.755°F ≥8.5 $100 $1,700 Split System - Ducted ≥15.2 ≥8.1 $100 $1,700 Single Package ≥15.2 ≥8.1 $100 $1,700 Ductless Mini Split HP Single Zone ≥18 ≥12.5 ≥8.1 $100 $500 Multi Zone ≥15.5 ≥12.5 ≥7.8 $100 $800 Ductless Mini Split AC Single Zone ≥18.7 ≥12 N/A $100 $350 Geothermal Heat Pump Closed Loop ≥17.1 COP 3.6 $100 $7,000 Smart Thermostat ENERGY STAR® Certified Smart Thermostat $0 $100 Federal Tax incentive is below. We are S & SW anything North associated does not apply in Maryland 25C Tax Credit Requirements Table 25C Tax Credit Requirements for 2023 (FINALIZED) Product Type Tax Credit Amount Region AFUE SEER2 EER2 HSPF2 COP (5°F) Gas Furnace $600 ALL ≥97% N/A Gas Boilers $600 ALL ≥95% N/A AC $600 ALL N/A ≥16.0 ≥12.0 N/A N/A HP (ducted) $2,000 S & SW N/A ≥15.2 ≥11.7 ≥7.8 N/A $2,000 N N/A ≥15.2 ≥10.0 ≥8.1 1.75 HP (ductless) $2,000 S & SW N/A ≥16.0 ≥12.0 ≥9.0 N/A $2,000 N N/A ≥16.0 ≥9.0 ≥9.5 1.75 RPU – AC $600 ALL N/A ≥15.2 ≥11.5 N/A N/A RPU – HP $2,000 S & SW N/A ≥15.2 ≥10.6 ≥7.2 N/A $2,000 N N/A ≥15.2 ≥10.0 ≥8.1 1.75 Abbreviation meanings HP- Heat PumpAC- Air conditioners RPU- Rooftop Package UnitsS & SW- South & South west