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Geothermal Saves You Money!

Building a new home?  Looking at replacing your heating and cooling system in your existing home? Don’t cross a Ground Source Heat Pump off your list because you think they are too expensive.  Did you know…

  • SIEC offers a Rebate of $750/Ton on ground source heat pumps with an EER of 19.1 or greater.
  • Homeowners who install a qualifying ground source heat pump system can claim a Federal Tax Credit of 26% of the installed cost in 2021 and 2022; decreasing to 22% in 2023. (Check with your tax advisor as to how the credits relate to your specific tax situation.)
  • There is a new Iowa Tax Credit that allows you to claim 20% of the federal tax credit amount.
  • A ground source heat pump system can result in…25-75% lower heating cost, 30-50% lower cooling cost and a 2-7 year payback!
  • When installing a ground source heat pump in an existing home SIEC offers a loan program…you can finance up to 70% for 7 years at 5% interest.

Benefits:

Economical-How about lower energy bills? Heat from the ground is free and the only electricity needed is for moving heat between your home and the ground.

Comfort-Geothermal systems produce an abundance of warmth or coolness and delivers it gently to the space.  There are no great temperature variances that are associated with other types of systems.

Environmentally Safe-Geothermal systems are recognized by the Environmental Protection Agency (EPA) as the most environmentally friendly heating and cooling technology.

Clean-No flames, no flue, no odors…just safe, reliable operation.

Reliable-A geothermal system has very few moving parts to maintain.  A geothermal heat pump is located indoors, where it is protected form weather extremes, vandalism and abuse.

Low Maintenance-Geothermal systems require little maintenance.  Homeowners only need to change air filters.

Click here to visit Iowa Geothermal.org

Click here to watch Geothermal Video

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©2023 Southern Iowa Electric Cooperative. All Rights Reserved.

  • About SIEC
    • Contact Us
    • Employment Opportunities
    • Language Access Plan
    • Power Provider Generation Mix
    • SIEC NEWSLETTER
    • Staff
    • Statement of Non-Discrimination
    • Territory Map
  • Member Owner
    • Advisory Committee
    • Capital Credits
    • Cooperative Principles
    • What is a Cooperative?
  • Governance
    • 2022 Board Treasurer and Manager's Report
    • Annual Meeting
    • Articles of Incorporation
    • By-Laws
    • Directors
    • IRS Form 990
    • Mission Statement
    • Policies
    • Tariff
  • Billing
    • Budget Billing
    • House Moves Rates
    • Payment Options
    • Rates & Service Options
    • Sales Tax Exemption
    • Texting Notification System
  • Demand
    • Demand Calculator
    • Demand Explained
    • Demand Holidays
    • Demand Times
  • Establishing Service
    • Connecting Service
    • Disconnecting Service
    • New Construction
    • New Member Packet
    • State Electrical Inspections
  • Rebates
    • Business Lighting Rebate
    • Geothermal Saves You Money!
    • Heating & Cooling Rebates
    • Water Heater Rebates
  • Member Information
    • Commonly Asked Questions
    • FEMA
    • Tree Planting
    • Tree Trimming, Spraying & Projects
  • Safety
    • Electrical Safety
    • Grain Bin Clearances
    • Look Up and Live
    • Pole Inspections
    • Safe Electricity.Org
  • Community & Econ Dev
    • Iowa Youth Tour
    • Revolving Loan Fund
    • Scholarships
  • Renewables & Energy Efficiency
    • Renewable Energy for a Brighter Tomorrow
    • Statement of Energy Efficiency
    • Together We Save