Questions & Answers

What is the Geothermal Systems Credit?

If you are a resident of Montana, you can claim a credit for the cost of purchasing and installing a geothermal system in your principal home. The amount of the credit cannot exceed $1,500 and is applied in the year that you installed your geothermal system. The balance of your credit that is not used can be carried forward for up to seven years. You are not allowed to claim both the Alternative Energy Systems Credit and the Geothermal Systems Credit for the same investment.

For further instructions on the Geothermal Systems Credit, and to calculate this credit, see Montana Form ENRG-A . When you claim this credit, you will have to include a copy of Form ENRG-A with your tax return.

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