The Loophole for Clean Heat
The OBBBA killed tax credits for heat pumps, but kept them for commercially leased geothermal and thermal storage systems.
President Donald Trump's megalaw will soon end tax credits for homeowners who want to install heat pumps or make other energy-efficiency improvements.
However, there's still one way to get federal assistance for cleaner heating: companies can earn tax credits for installing geothermal heat pumps and thermal storage systems, and then lease them to customers at a lower cost.
- Companies can retain ownership of the systems and lease them to customers.
- The leasing cost reflects the federal discount of 30% to 50%.
Some companies are adapting to the new state of play, with installers pivoting to take advantage of the incentives.
Author's summary: Trump's law has a loophole for clean heat.
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