News

GEO Speaks at IGSHPA

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 […]

GEO Presents at IGSHPA

Along with a keynote address by Geothermal Exchange Organization (GEO) Board Chairman Steve Smith (Enertech), over a third of technical and other presentations at the IGHSPA 2015 Conference & Expo were provided by members of the GEO. These included the following sessions presented by representatives of the GEO Board of Directors and researchers working directly […]

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 […]

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 […]

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. […]

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 […]

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 […]