This credit was repealed by the 2021 Montana State Legislature. You may not claim this credit after Tax Year 2021. You may still carry forward any remaining tax credit until the carryforward period expires.
The Geothermal System Credit is for:
- Montana residents installing a geothermal system in their home, or
- Businesses installing a geothermal system in a new Montana residence.
Eligibility
An individual installing a geothermal system in their principal dwelling or a business installing a geothermal system in a new residence.
Expenditures
The costs associated with installing a geothermal system, including
- Trenching
- Well drilling
- Casing
- Piping
- Ground source pumps
- Ductwork
- Design and labor
Benefit
Up to $1,500. Only one credit may be claimed per residence.
Carry Over
The unused credit can be carried forward up to seven years.
Forms
You may figure this credit using the Geothermal System Credit (Form ENRG-A).
Related Laws
15-32-115, MCA
ARM 42.4.104, 42.4.110, 42.4.118, and 42.4.121