package geothermal News
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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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Frost & Sullivan: Government Incentives and Mandates to Promote Energy Efficiency Trigger Growth in the Global Geothermal Power Market
As governments worldwide are unleashing initiatives to ramp up energy security and independence over the past three years, the global geothermal power markets have experienced high growth. Other factors spearheading expansion in this market are escalating energy prices, volatile fuel costs, and government incentives on renewable energy. Low levelized cost of energy (LCOE) renders the cost of ...
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