Love's Geothermal Rebate'sPlease 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 systemState of MD/MEA Rebate of up to $3,000. Must be the primary residenceGeothermal Rec credits are available for the unit(s) installedGREC Crash Course: About Geothermal Renewable Energy Credits – Carbon Solutions GroupAnne Arundel County tax credit of up to $2,500Baltimore 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.EquipmentSystem TypeTierEERCOPSEER2HSPF2SmecoBGEPepcoDPLAir Source Heat PumpsSingle Package1N/A15.26.7$540$940$740$540Split System115.27.5$540$940$740$540Single Package216.96.7$915$1,940$1,240$915Split System216.97.5$915$1,940$1,240$915Central Air ConditionerSingle Package115.2$240$340$240$240Split System115.2$240$340$240$240Single Package216.9$440$540$440$440Split System216.9$440$540$440$440Ductless Heat PumpMulti-ZoneN/A15.57.5$540$940$740$540Single ZoneN/A187.5$315$690$440$315Geothermal Heat PumpClosed LoopN/A17.13.6N/A$2,190$3,440$2,940$2,190Smart ThermostatN/AEnergy Star$75$75$75$75HP Water Heater$700$1,500$1,500$1,500Yellow: SMECOGreen: BGEPink: PepcoPurple: Delmarva powerPotomac Edison only is below. Heat Pump water heaters for PE is only $900 2024 Eligibility Requirements and Incentive AmountsEffective April 1, 2024Potomac Edison - MD HVAC MeasuresEquipment TypeEligibility RequirementsMaximum Trade Ally Admin FeeMinimum Customer IncentiveSEER2EER2HSPF2CAC & Ducted Mini Split, Tier 1Split System≥15.2N/A$100$700Single Package≥15.2$100$700CAC & Ducted Mini Split, Tier 2Split System≥16.9$100$1,400Single Package≥16.9$100$1,400ASHP & Ducted Mini Split, Tier 1Split System≥15.2N/A$100$800Single Package≥15.2$100$800ASHP & Ducted Mini Split, Tier 2Split System≥16.9$100$1,300Single Package≥16.9$100$1,300Heat Pump - Cold Climate (These Measures are not eligible for Dual Fuel)Split System - Non Ducted≥15.2COP 1.755°F≥8.5$100$1,700Split System - Ducted≥15.2≥8.1$100$1,700Single Package≥15.2≥8.1$100$1,700Ductless Mini Split HPSingle Zone≥18≥12.5≥8.1$100$500Multi Zone≥15.5≥12.5≥7.8$100$800Ductless Mini Split ACSingle Zone≥18.7≥12N/A$100$350Geothermal Heat PumpClosed Loop≥17.1COP 3.6$100$7,000Smart ThermostatENERGY STAR® Certified Smart Thermostat$0$100Federal Tax incentive is below. We are S & SW anything North associated does not apply in Maryland 25C Tax Credit Requirements Table25C Tax Credit Requirements for 2023 (FINALIZED)Product TypeTax Credit AmountRegionAFUESEER2EER2HSPF2COP (5°F)Gas Furnace$600ALL≥97%N/AGas Boilers$600ALL≥95%N/AAC$600ALLN/A≥16.0≥12.0N/AN/AHP (ducted)$2,000S & SWN/A≥15.2≥11.7≥7.8N/A$2,000NN/A≥15.2≥10.0≥8.11.75HP (ductless)$2,000S & SWN/A≥16.0≥12.0≥9.0N/A$2,000NN/A≥16.0≥9.0≥9.51.75RPU – AC$600ALLN/A≥15.2≥11.5N/AN/ARPU – HP$2,000S & SWN/A≥15.2≥10.6≥7.2N/A$2,000NN/A≥15.2≥10.0≥8.11.75 smeco hvac rebates, geothermal heat pump gambrills, bge heat pump rebate, potomac edison hvac rebate, geothermal water heater installation gambrills, bge hvac rebates, bge hot water heater rebate, geothermal heat pump in prince george, geothermal in prince george, maryland geothermal rebate Abbreviation meaningsHP- Heat PumpAC- Air conditionersRPU- Rooftop Package UnitsS & SW- South & South west