Install a high-efficiency electric-heating system and receive incentives from Southeastern. See some examples below:
Requirements For Receiving Rebates And Special Rate.
Electric Heat must be the primary heating source and each structure is limited to one rebate. All necessary equipment must be installed and in operating condition before a rebate can be issued. Only one rebate per an account can be applied for in a 10 year period. Contact the Member Services Dept. for more information.
Special Note: Modular homes and or Trailer houses must be on permanent foundations or have basements in order to qualify for any said rebates. Visual inspection is needed before any rebates are issued.
TAX CREDITS FOR GEOTHERMAL
Congress passed and the president has signed the Fiscal Year 18 stopgap funding bill and included in the package is a provision which will extend federal tax credits for residential and commercial installations of geothermal heat pumps. The tax credits are retroactive to January 1, 2017, and were extended through the end of 2021.
The credit for geothermal is as follows:
26% tax credit if system installed between Jan. 1, 2020 – Dec. 31, 2020
22% tax credit if system installed between Jan. 1, 2021 – Dec. 31, 2021