The Geothermal Exchange Organization has put together a helpful fact sheet on currently available federal tax incentives for installation of geothermal heat pump equipment. Please download the fact sheet here.
GEO Wins Tax Extenders and Gains a Clear Path Forward for Extension of Tax CreditsDec. 18 – The U.S. House of Representatives and U.S. Senate passed a $1.1 trillion Omnibus bill to fund the government and a companion bill to provide $650 billion in tax relief over 10 years.According to Geothermal Exchange Organization President Doug Dougherty, “We scored a big ...Read More
The Geothermal Exchange Organization (GEO) Board of Directors, with GEO staff and members of the group’s Bracewell & Giuliani advocacy team, staged a Fly-In to Washington, DC on Sept. 30, followed by a Board of Directors meeting on Oct. 1 (box, pg.3). Boots on the ground included Board Chairman Steve Smith (Enertech Global LLC) , Dan Ellis (Comfortworks), Tim Litton ...Read More
During its meeting on Oct. 1 in Washington, DC, the Geothermal Exchange Organization (GEO) Board of Directors confirmed by unanimous vote that new ClimateMaster President and CEO Richard Aldridge will replace Dan Ellis on the Board. Mr. Aldridge has expressed his strong desire to be an active participant with GEO. The Board then unanimously voted to expand the Board from ...Read More
Good news for the U.S. geothermal heat pump industry. The Geothermal Exchange Organization (GEO) recently learned that the U.S. Environmental Protection Agency (EPA) will not be increasing the efficiency standards for geothermal heat pumps (GHPs) listed in the Energy Star Program. Over the past several months GEO President and CEO Doug Dougherty has participated in several discussions with EPA staff regarding ...Read More
Aug. 5 – A Maryland Public Service Commission decision in late-July set a 2% energy efficiency goal by 2020 for the five largest utilities in the state. The goal puts the state in the lead for energy efficiency targets. The order gives utilities 5 years to reach the target.“Maryland regulators found the lifecycle cost of a kilowatt-hour (kWh) for efficiency ...Read More
Editor’s Note – The following is an edited version of a Keynote Address by Geothermal Exchange Organization (GEO) Chairman Steve Smith (Enertech Global) on Oct. 7 at the Opening Session of the International Ground Source Heat Pump Association (IGSHPA) 2015 Conference & Expo in Kansas City, MO.What I bring to you today is a message of strength and unity. As ...Read More