Geothermal credits are being reintroduced in the form of the Reed Bill, legislation introduced by Tom Reed, R-N.Y., Mike Thompson, D-Calif., and 18 additional cosponsors (12 Republicans and six Democrats).
While several organizations lobbied Congress for an extension, the U.S. House of Representatives failed, again, to extend the geothermal heat pump tax credits via a stopgap spending bill signed Dec. 9, 2016.
Expiration of these credits impacts both the residential and commercial markets
December 7, 2016
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.
Western Europe is projected to account for a value share of 40.7 percent of the market by year end
November 11, 2016
Global sales of heat pumps is estimated to be valued at $6.5 billion by the end of 2016, witnessing a year-over-year growth of 5.8 percent over 2015, according to a new report from Future Market Insights.
Heating equipment offers more options for consumers
September 12, 2016
This heating showcase provides in-depth information on the features of each individual unit and also includes technical support information from the manufacturer. The manufacturers provided all of the data included in the product grid as well as in the photo feature; therefore, any questions should be directed to them via the contact information provided in the photo feature section.