U.S. Federal Tax Credit
There is a federal tax credit available for commercial geothermal heat pump installations up to 30%*.
The One Big Beautiful Bill Act, adopted in July 2025, allows for a 6-30%* tax credit for costs associated with commercial geothermal heat pumps, as noted in section 48 of the Internal Revenue Code.
Additional US Incentives
There are many financial incentives available for the installation of residential geothermal heat pumps. Many states, electrical utilities, and even financial services offer these incentives.
DSIRE USA is a database of available state and local incentives that helps make it easier to find and take advantage of these incentives.
Canadian Incentives
There are numerous provincial and local incentives for energy efficient products is available in Canada. A list of incentives from provincial/territorial governments, major Canadian municipalities, and major electric and gas utilities is available at the Natural Resources Canada website.