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Federal Government recognizes Geothermal energy in sustainability initiative. The American Recovery & Reinvestment Act of 2009 provides 30% tax credit of total system costs for residential and a 10% tax credit for commercial geothermal systems.
News
April 2010 - Thermonexus unveils RescueFit™, a remedial solution for failed standing column wells. read more...
June 2010 - Kevin Maher provides testimony at Mass DEP hearing on Global Warming Solutions Act in support of geothermal.
September 2010 - Kevin Maher leads the formation of the New England Geothermal Professional Association (negpa.org) together with Paul Blain, Joe Cerutti and Steve Mabee. NEGPA is a non-profit established to educate and advocate for Geothermal Heat Pumps as a dependable, renewable resource. Geothermal Heat Pumps can make an immediate and significant reduction in both energy and carbon.
January 2011 - Good News! Congress creates a 1 year special write-off for commercial geothermal projects. In 2011, commercial projects are eligible for a 100% bonus depreciation in addition to the 10% EPAct Tax deduction. Learn more at EnergyTaxSavers.com