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Geothermal
The earth absorbs almost 50% of all solar energy and remains a nearly constant temperature of 50°F to 70°F depending on geographic location. Working with an underground loop system, a geothermal unit utilizes this constant temperature to exchange energy between your home and the earth as needed for heating and cooling.
In winter, water circulating inside a sealed loop absorbs heat from the earth and carries it to the unit. Here it is compressed to a higher temperature and sent as warm air to your indoor system for distribution throughout your home.
In the summer, the system reverses and expels heat from your home to the cooler earth via the loop system. This heat exchange process is not only natural, but is a truly ingenious and highly efficient way to create a comfortable climate in your home.
This is the best news ... with the installation of a geothermal unit, your monthly utility bills will be lowered dramatically, leaving more savings for your family.
You can get heating, central air conditioning, and domestic hot water. That’s three benefits – all from the same compact unit. A typical homeowner can save in the range of $600 to $1,200 annually (actual savings may vary depending on usage, weather, and local utility rates).
How? The use of geothermal loops allow our units to use only a relatively small amount of electricity. The unit merely, transfers heat to and from the earth, rather than creating it from fossil sources like conventional systems.
With geothermal, you will enjoy savings up to 60% over conventional systems with a short investment payback.
At Haley Mechanical, we take a comprehensive look at your home and advise you on the most efficient and economical way to create a comfortable indoor environment.
Learn more about Geothermal at MichiganGeothermal.com
Check out our Geothermal Savings Calculator
Watch our video...
We offer WaterFurnace Geothermal products and are a GeoPro Master Dealer. Geothermal energy is recognized as the most efficient and greenest.
Geothermal Tax Credits
A tax credit is now available for home and commercial building owners who install geothermal heating and cooling systems through the Energy Improvement and Extension Act of 2008 (H.R. 1424). H.R. 1424 offers a onetime tax credit of 30% of the total investment for homeowners who install residential ground loop or ground water geothermal heat pumps. A credit of 10% of the total investment is also available (no maximum) for a commercial system installation.
To qualify, the systems must meet or exceed EnergyStar requirements and be installed after December 31, 2007. While units installed in 2008 are subject to a $2,000 cap on the credit, units installed from 2009 through 2016 can take advantage of the full credit. Owners can file for the credit by completing the Renewable Energy Credits subsection on their tax return forms for 2008. For taxpayers that are subject to the Alternative Minimum Tax, they can claim the credit on their taxes for the following year. No proof of purchase will be required; however, in case of an audit, owners are encouraged to keep a detailed invoice of their purchase on file. The contractor who sold and installed the product should list the purchase as a "Geothermal Heat Pump" on the invoice and that it "Exceeds requirements of Energy Star program currently in effect".
The tax credit is available through December 31, 2016. Consult your local tax professional for advice on taking advantage of the tax credit, as this announcement is not intended as a recommendation or endorsement of any financial strategy.
Visit www.dsireusa.org to find additional tax incentives that may be available in your state.
Haley Mechanical is a member of the Michigan Geothermal Energy Association
Members of the Michigan Geothermal Energy Association are committed to quality installations that meet the needs of their customers. They abide by the Association Code of Ethics, which requires professionalism and fairness with customers, adherence to industry standards, and up-to-date training. Look for the MGEA logo when you shop for a geothermal system.
