While organizations lobbied Congress for an extension like the ones given to photovoltaic (PV) and solar thermal technologies, the U.S. House of Representatives chose not to extend the tax credits for the geothermal market.
The two-day event, which focused on helping dealers strengthen and grow their businesses, featured presentations on WaterFurnace products, marketing tools, training, financing, and more. Attendees also heard updates from the Geothermal Exchange Organization (GEO) and the International Ground Source Heat Pump Association (IGSHPA) regarding the geothermal tax credits.
Bill extends tax credits for energy-efficient residential and commercial property through 2021
June 29, 2015
The New Energy for America Act extends Investment Tax Credits for energy-efficient residential and commercial property for five years beyond their current sunset date of Dec. 31, 2016, through the end of 2021.
After 37 Years, Miami Homeowner’s Geothermal Heat Pump Still Going Strong
February 9, 2015
Thirty-seven years and one addition to the house later and McDermott is proud to claim that his geothermal system — including the original ClimateMaster heat pump unit from Friedrich (eventually assumed into LSB Industries subsidiary ClimateMaster Inc.) — is still working perfectly.