Items Tagged with 'geothermal tax credits'

Residential geothermal contractors have relied on tax credits since 2005, but the One Big, Beautiful Bill Act will end the 30% credit in 2025. A previous credit removal in 2016 caused a 45% sales drop, leading to pessimism for 2026. However, demand for geothermal remains strong.

Those in the geothermal business see plenty of opportunity, but say the expiration of a tax credit for residential projects is a setback.  

WaterFurnace focused on accelerating geothermal adoption by emphasizing grid resiliency and affordability.

Residential credits are set to sunset, but commercial geothermal continues to gain momentum thanks to not-yet-expiring tax incentives, innovation, and maturing tech. For HVACR contractors, the next wave of geothermal growth hinges on training and design expertise.  

The geothermal tax credit is ending — but a new opportunity is just beginning. 

Geo leaders talk tax credits, road map to geo success.

An amended bill slashes 25C and 25D, phases out clean energy production credits early, but also offers a glimmer of hope for the geothermal industry. 

A bill moving through the House aims to repeal federal tax credits for clean energy, including geothermal. 

DOE report says mass deployment could save $300 billion in grid costs through 2050.