Great post. I hope they will extend the date beyond 2008. It will help the economy.

Thanks Gita - I agree about the incentive.

Hi Jeff,  Looks like they are trying to do some good things!  And I woul bet that you will tell us if they end up offering incentives.  :) 

Hope all is well up there!

Stephanie Edwards-Musa, Realtor ® The Woodlands, TX Real Estate

Hi Stephanie - haven't seen you around here in a while!  Things are going great this year and I'm having more fun than ever in Real Estate...hope TX is treating you awesome as well.   

My wife and I need to replace the aged heating and cooling system in our "new" home. I hope these incentives include such projects as geothermal heat pumps because they are the most cost effective and energy efficient heating and cooling systems available today. We had to buy an older home because one of us can't negotiate stairs, thus necessitating a move to a ranch home rather than the two story we were living in.  Geothermal heating and cooling would offer us dramatic savings on energy costs.  Most states have programs such as tax credits and other incentives to install these types of systems.  The geothermal heat pump costs roughly double the cost of a standard heat pump but the savings are dramatic.  The schools in Pennsylvania all need to be outfitted with geothermal as the payback based on current energy costs is just a few years.