Residents of Massachusetts can now rejoice at the availability of geothermal tax credits designed to save them money by investing in geothermal technologies for their homes. While the initial cost of drilling a geothermal well and installing a heat pump can seem hard to swallow, the truth is that you can expect to see up to 30% of your money come back in the form of federal and state-level tax credits, and the remainder of your money will be returned as you can expect to cut your power bill drastically each and every month.
