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 coordinated campaign for the past two years has resulted in Kevin Brady (R-TX), Chairman of the House Ways and Means Committee, and Paul Ryan (R-WI), Speaker of the House, agreeing with GEO's position that Congress picked winners and losers when tax credits for solar and wind were extended in December of 2015.