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≥8.11.75Abbreviation meaningsHP- Heat PumpAC- Air conditionersRPU- Rooftop Package UnitsS & SW- South & South west