Pinewood Forest is one of several large, master-planned developments that’s sidestepping the traditional HVAC system to embrace — and mandate — geothermal heat pumps for heating and cooling communitywide.
Doug Dougherty has been president and CEO of the Geothermal Exchange Organization (GEO) since March of 2011. In that role, he became a major player in the lobbying effort to get the federal geothermal tax credits passed.
The U.S. geothermal heat pump (GHP) industry scored a victory for its workforce and their employers as federal legislation was passed to extend federal tax credits for residential and commercial installations of GHPs. The measure was included in the Continuing Resolution spending bill approved by Congress.
On Dec. 15, 2017, a Senate-House Conference Committee released its agreed upon tax reform bill. But, to the surprise and dismay of GEO, our hard-fought language to finally bring tax credit parity back to the GHP industry was not included within the bill.
On Dec. 15, a Senate-House Conference Committee released its agreed-upon tax reform bill. But to the surprise and dismay of GEO, our hard-fought language to finally bring tax credit parity back to the GHP industry was NOT included within the bill. Needless to say, we were extremely disappointed that the tax credit inequity created by Congress in a solar incentive deal they passed in late-2015 remains.
GEO has announced that the extension of the residential and commercial tax credits for geothermal heat pumps is contained in the tax bill released by the U.S. House of Representatives.
The Geothermal Exchange Organization (GEO) expressed extreme disappointment that the House stopgap spending bill to fund the U.S. government does not include an extension of the Investment Tax Credit for geothermal heat pumps. The expiration of these tax credits, which apply to a range of efficiency technologies, will threaten thousands of U.S. jobs.
The Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI) and the Geothermal Exchange Organization (GEO) announced a memorandum of understanding (MOU) to establish a framework for cooperation in the ongoing development and improvement of the geothermal heating and cooling industry.
For the past decade, those in the geothermal heating and cooling industry have benefited from two tax credits that incentivize residential and commercial geothermal installations. But both of these tax credits are four months away from expiring, and all efforts to extend them have failed thus far.
By unanimous vote of its directors, the Geothermal Exchange Organization (GEO) has named Joe Parsons of Earthlinked Technologies as its new chairman of the board for 2016-17. He has served on the GEO board of directors since May 2014.