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 […]
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 […]
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 […]
“Geothermal Loops Back Around”
Geothermal Exchange Organization (GEO) President and CEO Doug Dougherty joined a “roster of experts” for an article, “Geothermal Loops Back Around,” about the geothermal heat pump (GHP) business in a recent issue of Contracting Business. Their verdict: 2014 was a very good year for growth, despite a significant but temporary decline caused by the extreme […]