Articles Tagged with ''Geothermal Exchange Organization''

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.

The Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI) and the Geothermal Exchange Organization (GEO) announced a memorandum of understanding (MOU) to establish a framework for cooperation in the ongoing development and improvement of the geothermal heating and cooling industry.

By unanimous vote of its directors, the Geothermal Exchange Organization (GEO) has named Joe Parsons of Earthlinked Technologies as its new chairman of the board for 2016-17. He has served on the GEO board of directors since May 2014.

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 board then unanimously voted to expand representation from seven to nine members; one GEO board seat is left open for new company participation.

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.