Exemption for value added by any new or refitted construction or
installation of a geothermal heating or cooling system on or after July
1, 2012, on property classified as residential. This is a ten year
exemption. Must meet the requirements contained in Iowa Code section
427.1(38) and the administrative rules in 701 IAC section 80.29. Person
claiming the exemption shall file an application with the Assessor by
February 1st.