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Washington Update

July 14 – The Senate Finance Committee plans to mark up a bill on July 21 to extend corporate tax benefits that expired in 2014 and those that will expire at the end of this year, including those that benefit the geothermal heat pump (GHP) industry. Among other things, they include:Bonus depreciation that allows additional first-year depreciation deduction of 50% ...Read More

Senate Dems Offer Tax Credit Extension Bill

July 14 - Sen. Brian Schatz (D-HI) and co-sponsors Sen. Martin Heinrich (D-NM), Dianne Feinstein (C-CA), Cory Booker (C-NJ), Al Franken (D-MN) and Sheldon Whitehouse (D-RI) introduced legislation to extend the Sec. 25D Residential Energy Efficiency Property Credit for five years beyond its sunset date of Dec. 31, 2016.The tax credit applies to residential rooftop solar systems, solar water heaters, ...Read More

GEO Joins Investment Tax Coalition

July 10 – The Geothermal Exchange Organization (GEO) joined over 30 companies and associations in signing a letter from the Investment Tax Coalition to the Senate Finance and House Ways and Means committees. The letter asks for a five-year extension of the Sec. 48a Investment Tax Credit (ITC) as they consider business “tax extenders” (pg. 1). Among other energy alternatives, ...Read More


NY-GEO Urges Gov. Cuomo to Sign Geo Bills

July 2 – In June the New York legislature passed income tax creditand sales tax exemption bills for geothermal heat pump (GHP) installations that still await signature by Governor Andrew Cuomo (D). In response, the New York Geothermal Energy Organization (NY-GEO) has started a petition—"Andrew Cuomo: Cut both Energy Bills and Fossil Fuel Pollution by Signing Geothermal Incentive Laws (S2905, ...Read More

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St. Patrick’s Goes Geothermal

June 9 – The $177 million renovation of St. Patrick's Cathedral—the most extensive in its 136-year history—is being pushed toward completion in time for Pope Francis' visit to New York City in September. Not the least of its improvements will be an open-loop geothermmal heating and cooling system. The four-year renovation was slated for completion in December, but workers are ...Read More


White House Executive Order on Sustainability Includes Geothermal Heat Pumps

The Obama Administration on March 19 issued an Executive Order , “Planning for Federal Sustainability in the Next Decade,” that is meant to cut the Federal Government’s greenhouse gas emissions by 40% over the next decade from 2008 levels. And the White House recognizes that geothermal heat pumps (GHPs) are one technology that can help reach its goals. The order ...Read More

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GEO Continues Push for State Actions

The Geothermal Exchange Organization (GEO) is backing efforts in a number of states to change public policies that currently fail to recognize geothermal heat pumps (GHPs) as a renewable source of energy and an efficient way to satisfy the thermal loads of buildings. "I wish we could have a cookie-cutter approach for each state and every statute, but all are ...Read More