Geothermal tax credits - Articles - Page 5

WaterFurnace Embraces the Future of Geothermal

Contractors have the tools to grow the geothermal market

May 10, 2017

WaterFurnace Intl. Inc. recently held its 2017 annual sales meeting in Denver, and as you can imagine, the 30 percent residential and 10 percent commercial federal tax credits for geothermal heat pump systems that expired Dec. 31, 2016, were on everybody’s minds.

Geothermal Moves on Without Tax Credits

Contractors shift their focus to the technology’s long-term efficiency, cost benefits

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.

Geothermal Industry Hopeful Reed Bill Revives Expired Tax Credits

Recently introduced legislation, HR 1090, would reinstate lapsed geothermal tax credits

Nick Kostora

April 3, 2017

Geothermal credits are being reintroduced in the form of the Reed Bill, legislation introduced by Tom Reed, R-N.Y., Mike Thompson, D-Calif., and 18 additional cosponsors (12 Republicans and six Democrats).

Going Forward with Geothermal

The industry examines a future for geothermal without tax credits

Samantha Sine

January 30, 2017

While several organizations lobbied Congress for an extension, the U.S. House of Representatives failed, again, to extend the geothermal heat pump tax credits via a stopgap spending bill signed Dec. 9, 2016.

It Is Past Time to Renew Geothermal Tax Credits

Industry continues to suffer while government drags its feet

Kyle Gargaro

October 24, 2016

The existing 10 percent commercial and 30 percent residential geothermal tax credits are due to expire at the end of the year.

The election cycle, when coupled with an extremely compressed Congressional calendar, makes it extremely unlikely the credits will be extended before the election.

Geo Industry Advocates for Lame-duck Tax Credit Extensions

Many are hopeful the commercial and residential tax credits will be extended in the lame-duck session

Jen Anesi

August 29, 2016

For the past decade, those in the geothermal heating and cooling industry have benefited from two tax credits that incentivize residential and commercial geothermal installations. But both of these tax credits are four months away from expiring, and all efforts to extend them have failed thus far.

A Dealer Success Panel answered audience questions about geothermal best practices, tax credits, marketing, and more during WaterFurnace Intl. Inc.’s Annual Sales Meeting in Nashville.

WaterFurnace Supports Dealers at Annual Meeting

Annual sales meeting focuses on dealer success

Nicole Krawcke

August 15, 2016

The two-day event, which focused on helping dealers strengthen and grow their businesses, featured presentations on WaterFurnace products, marketing tools, training, financing, and more. Attendees also heard updates from the Geothermal Exchange Organization (GEO) and the International Ground Source Heat Pump Association (IGSHPA) regarding the geothermal tax credits.

New York GEO Tax Credit Passes for Second Time

Credit provides 25 percent up to $5,000 for GHP installations

July 11, 2016

Geothermal heat energy is part of Assembly Bill 10342 — the New York State Climate & Community Protection Act, which would cut greenhouse gases by 100 percent by 2050 with an interim goal of 50 percent by 2030. The legislation promotes renewable energy, including GHPs.

WaterFurnace Supports Dealers at Annual Meeting

Annual sales meeting focuses on strengthening, growing businesses

Nicole Krawcke

May 16, 2016

The two day event, which was focused on helping dealers strengthen and grow their businesses, featured presentations on WaterFurnace products, marketing tools, training, financing, and more.

Tax Credit Extensions Are Not Happening

Government has not come through for the geothermal industry

Kyle Gargaro

May 9, 2016

This is an election year, which always leads to even less being accomplished in Washington than normal. A heavy supply of gridlock will likely be served throughout the remainder of 2016.