Articles Tagged with ''tax credits''

commercial geothermal market

Commercial Geothermal Still Finding a Receptive Audience

Building owners are opting for geothermal technologies, even without tax credits
Ron Rajecki
October 9, 2017
It’s not unusual for one to wake up with a headache on Jan. 1, but the headache that greeted the geothermal industry on Jan. 1, 2017, wasn’t caused by excessive late-night celebration. On that date, geothermal systems lost their 10 percent investment tax credit under Section 48 of the Internal Revenue Code (which covers energy tax credits).
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Dougherty

Homegrown, Clean Energy Equals Environmental Protection Plus Jobs

The Reed bill currently boasts 108 cosponsors
Douglas A. Dougherty
September 25, 2017
HR 1090 — The Technologies for Energy Security Act of 2017 — introduced by Rep. Tom Reed, R-N.Y., would correct a congressional oversight in late-2015 that extended tax credits for solar and wind but left behind “orphaned” technologies, like geothermal heat pumps, fuel cells, microturbines, small wind, and combined heat and power (CHP) when their credits expired Jan. 1 of this year. The Reed bill currently boasts 108 cosponsors, 59 of which are Republicans.
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solar market

Solar HVAC Market Continues to Heat Up

Renewable energy is on the rise, with solar leading the charge
Kostora
Nick Kostora
August 21, 2017
In the last decade, solar has experienced an average annual growth rate of 68 percent. This has been spurred, in part, because the cost to install solar has dropped by more than 70 percent since 2010, which has led the industry to expand into new markets and deploy thousands of systems nationwide.
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Tax credits

Geothermal Moves on Without Tax Credits

Contractors shift their focus to the technology’s long-term efficiency, cost benefits
Kostora
Nick Kostora
April 3, 2017
Since the tax credits went into effect in 2008, many contractors have experienced a significant boost in their geothermal businesses. And, now that the geothermal tax credits have lapsed, contractors and manufacturers are prepared to continue forward without them.
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Reed Bill Will Reinstate and Extend Federal Clean Energy Tax Credits

Several industries will benefit
March 9, 2017

The geothermal heat pump industry and several other clean energy technology industries are a step closer to saving thousands of jobs with the reintroduction of tax credit legislation by Reps. Tom Reed R-N.Y., Mike Thompson D-Calif., and 18 additional cosponsors (12 Republicans and 6 Democrats).


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Five Tax Changes That Could Impact Businesses in 2017

Tax expert shares insight business owners should consider
January 9, 2017

With the constant changes in tax laws, Brian McCuller, shareholder-in-charge of the tax practice at Tennessee-based LBMC, has created a list of key changes in tax laws business owners should consider as they finalize their planning for 2017.


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