Geothermal Heating Win in Iowa

Iowa continues to step into the arena of green, renewable resources, and this past June showed further strides in that direction by the State Legislature.

Governor Branstad signs geothermal tax credit tax incentive

Governor Branstad signs geothermal tax credit tax incentive.

Governor Terry Branstad signed into law a bill allowing a stand-alone 10% tax credit for the installation of residential geothermal heat pumps in place of federal incentives. The bill passed both the Iowa House and Senate in a unanimous vote.

Read more about the new law including information about the availability of the tax credit, qualifications to be met under this new legislation, and more in this full article from National Driller.

Backed by over 40 years of experience in the drilling industry, SIMCO Drilling Equipment rigs are used for water well and geothermal well drilling, geotechnical and environmental drilling, mineral exploration, geothermal wells, construction and utility work, and a wide range of other diverse applications. We offer outstanding customer service and an industry-best warranty that canā€™t be beat. Contact our sales department today by calling 888-338-9925, filling out our Contact Form or via email for more information on our exceptional geothermal and water well drilling rigs.