GEO’s top priority during 2016 will be convincing the nation’s leaders to extend the income tax credits for residential (IRS Sec. 25D) and commercial (IRS Sec. 48[a]) GHPs that are set to expire at the end of the year.
IGSHPA and GEO will establish a joint task force to coordinate the efforts of the organizations as related to advocacy, research, and promotion of the industry.
The Geothermal Exchange Organization (GEO) and the International Ground Source Heat Pump Association (IGSHPA) announced they have signed a memorandum of understanding (MOU) to strengthen and expand the complementary relationship between the two associations.
The scholarship award is designed to assist teaching faculty interested in developing course material on GSHP or otherwise providing geothermal heat pump information to students; students interested in a career in HVAC and interested in attending an ASHRAE conference or course addressing GSHP; and practicing engineers, teaching faculty, or students who have an idea for an elegant way to achieve greater energy efficiency.
The 30 percent federal tax credit for residential geothermal heating and cooling installations (as well as solar and wind) is set to expire at the end of 2016. This is an irrefutable fact, but everything else surrounding the tax credit remains in a state that is best described as limbo.
The Geothermal Exchange Organization (GEO) announced that its website has been completely redesigned, with easier and more intuitive access to content that offers basic information about geothermal heating and cooling for consumers, plus technical and policy information for industry professionals and decision makers.
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.
GEO provided comments to a CEC Workshop Docket, addressing problems with the Title 24 energy code for building permits that limits the use of geothermal heat pumps in the state.
The Geothermal Exchange Organization is backing efforts in a number of states to change public policies that currently fail to recognize geothermal heat pumps as a renewable source of energy and an efficient way to satisfy the thermal loads of buildings.