News

Federal Budget and Stimulus Signed into Law – Credits for Geothermal Included

Dec. 28, 2020 – President Trump ended several days of uncertainty last night, signing into law a massive budget, economic stimulus, and Covid-19 relief package. As we mentioned last week, this legislative package includes an extension for commercial and residential geothermal heat pump (GHP) tax credits. See our announcement from last week here. The new […]

End-of-Year Budget and Covid Relief Package Includes Tax Benefits for Geothermal Heat Pumps

Dec. 22, 2020 – After eight months of start-and-stop negotiations, Congress has successfully brokered a massive end-of-year budget and pandemic relief deal which includes major economic stimulus components including an extension of federal tax credits for geothermal heat pump (GHP) installations. The legislation moves on to the White House for President Trump’s signature. As part […]

GeoExchange Sends Letter to Incoming Biden Administration

The Geothermal Exchange Organization and several partner organizations recently sent a letter to President-elect Biden and Vice President-elect Harris urging their support for an extension of tax credits for renewable energy technologies. The text of the letter is below.   November 25, 2020 President-elect Joseph Biden Vice President-elect Kamala Harris 1401 Constitution Ave., NW Washington, […]

GEO Announces Cooperative Engagement Initiative

Springfield, IL – The Geothermal Exchange Organization (GEO), a national non-profit trade association promoting the manufacture, design and installation of geothermal heating and cooling systems, announces a new effort to increase its involvement with rural electric cooperatives (RECs) to promote and support the installation of geothermal heat pumps. “Geothermal is the most energy efficient and […]

A New Era for the Geothermal Heat Pump Industry

The following message is from our new partners at IGSHPA. GeoExchange is excited to work closely with IGSHPA, its members, and leadership to forge a path forward for the geothermal heat pump industry. Dear IGSHPA Members and Accredited/Certified Professionals, Thank you for your past support of the International Ground Source Heat Pump Association. Your membership […]

Victory for the Geothermal Heat Pump Industry

Geothermal Heat Pump Tax Credits Reinstated Feb. 9, 2018 – Today the U.S. geothermal heat pump (GHP) industry scored a victory for its workforce and their employers as federal legislation was passed to extend federal tax credits for residential and commercial installations of GHPs. The measure was included in the Continuing Resolution spending bill approved […]

OGA Applauds GreenON Low Carbon Initiative

Dec. 13, 2017 –  The Ontario Geothermal Association (OGA) applauded the announcement by the province’s Minister of Environment and Climate Change Chris Ballard about a new program of financial support for Ontario households interested in improving their energy efficiency and lowering the carbon footprint of their homes. The Low Carbon Technology Incentives program is designed […]