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  • MANITOBA GOVERNMENT EXPANDS PROVINCE-WIDE GEOTHERMAL INCENTIVE PROGRAM

    To qualify for geothermal incentives in Manitoba, the installation must be performed by an accredited installer member of the MGEA who is in good standing.

    As of July 1, 2011 the expanded Manitoba Geothermal Energy Incentive Program offers increased Grants to new and now existing homes and provides enhanced province-wide Green Energy Equipment Tax Credits as outlined below:

    • Existing & New Homes: Manitobans can receive up to $2,400 of incentives from the Province of Manitoba through a Green Energy Equipment Tax Credit.
    • Commercial Buildings: Owners are eligible to receive up to 15 per cent of the value of their installed geothermal systems through refundable tax credits.
    • District/Community Geothermal Systems (where a minimum of three detached buildings are served by one geothermal system): Owners are eligible to receive tax credits up to 15%.

    FURTHER DETAILS ON THE PROVINCE OF MANITOBA INCENTIVE

    GREEN ENERGY EQUIPMENT TAX CREDIT

    • A Manitoba Green Energy Equipment Tax Credit up to 15% is available for the installation of eligible geothermal systems throughout Manitoba. This includes installations into most buildings including existing and newly constructed residential and commercial buildings.
    • The tax credit can be claimed through the income tax system either on the individual T1 income tax return or the corporate T2 income tax return. Individuals, corporations and not for profit organizations can claim the refundable tax credit for eligible geothermal installations. For more information or assistance on the Green Energy Equipment Tax Credit contact The Manitoba Tax Assistance Office or see http://www.gov.mb.ca/finance/tao/green.html.

    Send an application to the Manitoba Geothermal Energy Incentive Program to apply for a geothermal grant.

    For a Grant Application Form, a Grant Guide or additional information on the Government of Manitoba geothermal incentives please click here.

    Residential Earth Power Loan

    Offered by Manitoba Hydro, the Residential Earth Power Loan assists homeowners with the cost of installing a geothermal heat pump.

    Financing extends up to $20,000 for a maximum term of 15 years, on a competitive interest rate. This loan is available for new installations and retrofits. Wherever you're at, Manitoba Hydro wants to help you take advantage of a geothermal system in your home. Keating Mechanical has the experience and expert help to make this the year you turn on the power of geothermal energy.

    Call us to see how you can receive assistance from the Residential Earth Power Loan today.

    Are you a business owner? Call us to find out how the Commercial Earth Power Loan can benefit your business.

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