While the green qualities and benefits of geothermal systems may be a no-brainer to those in the industry, the technology’s efficient and renewable advantages have yet to gain universal recognition. As a result, the Geothermal Exchange Organization (GEO) is continuing to concentrate its lobbying efforts on including geothermal in federal and state definitions of renewable energy.
In addition, GEO is also focused on extending the federal tax credits for geothermal heat pump installations, which are set to expire at the end of 2016. Although there was some concern that the credits might be terminated early as part of a tax reform overhaul, GEO is optimistic about getting the tax credits extended through 2020.