geothermal heat pump (GHP) News
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New category of geothermal heat pumps can now earn the Energy Star
The U.S. Environmental Protection Agency is announcing new requirements for residential geothermal heat pumps (GHPs), enabling water-to-water geothermal heat pumps to earn the Energy Star label for the first time. EPA’s stringent specifications for this new category of geothermal heat pumps will help protect the environment and reduce energy costs, because GHPs that meet the new standards will be ...
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End-of-Year Budget and Covid Relief Package Includes Tax Benefits for Geothermal Heat Pumps
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 of the deal, the Energy ...
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Federal Budget and Stimulus Signed into Law - Credits for Geothermal Included
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 law extends the credits for GHP installations through ...
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