Geothermal market - Articles - Page 10

Geothermal Heat Pump Tax Credits Reinstated

Hard-Fought Victory Will Secure Jobs and Time to Help Overcome Market Barriers

February 9, 2018

The U.S. geothermal heat pump (GHP) industry scored a victory for its workforce and their employers as federal legislation was passed to extend federal tax credits for residential and commercial installations of GHPs. The measure was included in the Continuing Resolution spending bill approved by Congress.

Getting Geothermal Systems Right

Jay Egg

January 22, 2018

Veterans of the geothermal HVAC industry have long been asked what it’s going to take to provide enough traction for geothermal to stand on its own.

Congress Drops Tax Credit Parity for GHPs, but Offers Hope with Extenders Bill

Douglas A. Dougherty

December 21, 2017

On Dec. 15, a Senate-House Conference Committee released its agreed-upon tax reform bill. But to the surprise and dismay of GEO, our hard-fought language to finally bring tax credit parity back to the GHP industry was NOT included within the bill. Needless to say, we were extremely disappointed that the tax credit inequity created by Congress in a solar incentive deal they passed in late-2015 remains.

Geothermal Funding under ARPA-E

December 19, 2017

The U.S. Department of Energy (DOE) has announced up to $100 million in funding for new projects as part of the Advanced Research Projects Agency-Energy’s (ARPA‑E) latest OPEN funding opportunity. OPEN will support America’s top innovators through dozens of early-stage research and development projects as they build technologies to transform the nation’s energy system.

Ontario Geothermal Association Applauds GreenON Low Carbon Initiative

December 15, 2017

The Ontario Geothermal Association (OGA) applauded the announcement by Chris Ballard, Ontario's minister of environment and climate change, about a new program of financial support for Ontario households interested in improving their energy efficiency and lowering the carbon footprint of their homes.

HVACR Industry Leaders Applaud Congressional Tax Reform Bills

Industry leaders believe there are many positives within the pending legislation

Herb Woerpel

December 11, 2017

Comprehensive tax reform is a presidential signature away from becoming a reality.

Enertech Global LLC: Water-to-water Geothermal Unit

December 11, 2017

This product accelerates and decelerates continuously. Since the unit does not stop and start to meet temperature settings, it increases cost-savings for home and building owners.

Federal Geothermal Tax Credits Included in House GOP Tax Bill

Industry excited yet cautious about the potential return of the 30 and 10 percent federal tax credits

Herb Woerpel

November 27, 2017

After two years of strenuous, grassroots efforts, it appears as if geothermal tax credits are making a comeback.

Whisper Valley Development Relies on Geothermal Heat Pumps

Ted J. Clutter

November 20, 2017

Global developer Taurus Investment Holdings (Boston) has officially opened its $2 billion sustainable community, Whisper Valley, in East Austin, Texas. The company’s vision is to attract buyers who want to lead a socially responsible lifestyle with affordable and energy efficient homes in a sustainable development.

Geothermal Tax Credits in Tax Reform Bill

November 3, 2017

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.