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.
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.
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.
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.
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.
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.
Both the commercial and residential geothermal markets have felt the sting of the loss of federal tax credits for geothermal projects, but contractors on the commercial side remain reasonably upbeat about their market’s outlook.