Douglas A. Dougherty is president and CEO of the Geothermal Exchange Organization. Dougherty previously served as president of the Illinois Telecommunications Association.
On Dec. 15, 2017, a Senate-House Conference Committee released its agreed upon tax reform bill. But, to the surprise and dismay of GEO, our hard-fought language to finally bring tax credit parity back to the GHP industry was not included within the bill.
On Dec. 15, a Senate-House Conference Committee released its agreed-upon tax reform bill. But to the surprise and dismay of GEO, our hard-fought language to finally bring tax credit parity back to the GHP industry was NOT included within the bill. Needless to say, we were extremely disappointed that the tax credit inequity created by Congress in a solar incentive deal they passed in late-2015 remains.
HR 1090 — The Technologies for Energy Security Act of 2017 — introduced by Rep. Tom Reed, R-N.Y., would correct a congressional oversight in late-2015 that extended tax credits for solar and wind but left behind “orphaned” technologies, like geothermal heat pumps, fuel cells, microturbines, small wind, and combined heat and power (CHP) when their credits expired Jan. 1 of this year. The Reed bill currently boasts 108 cosponsors, 59 of which are Republicans.
On June 1, President Donald Trump followed through on his campaign promise to pull the U.S. out of the Paris Climate Accord, an international agreement struck last year that calls for long-term worldwide actions to cut carbon emissions and reduce the threat of climate change.
As kids, we were told, “Don’t play with matches.” But, as adults, we ignore this warning and play with fire to heat our homes and office buildings, and our laws and policies encourage it. It doesn’t have to be that way. It’s my opinion that we need to create paths to safer, cleaner, and more efficient energy sources.
A recent study by Ceres, “Practicing Risk-Aware Electricity Regulation: What Every State Regulator Needs to Know,” concluded that the least cost and least risk for future energy resources is energy efficiency.
A recent study by Ceres — “Practicing Risk-Aware Electricity Regulation: What Every State Regulator Needs to Know” — concluded that the least cost and least risk for future energy resources is energy efficiency. Indeed, the lowest cost unit of energy is one that is not used.
The question arises from time to time in building industry blogs about whether or not geothermal heat pumps (GHPs) are a source of renewable energy. So where do they fit?