GEO Policy Update. Steve Smith President and CEO Enertech Global LLC. Board Member GEO The Geothermal Exchange Organization
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1 GEO Policy Update Steve Smith President and CEO Enertech Global LLC Board Member GEO The Geothermal Exchange Organization
2 OUR OBJECTIVES INCLUDE Sensible Public Policy GEO is the Voice of the U.S. Geothermal Heat Pump Industry Advocacy Partnerships Outreach Research Standards Common Interests with Allies for Strength In Numbers Public Relations and Outreach Research of Issues and Technologies to Promote the Industry Promotion of Quality in Training, Certification, and Accreditation
3 VICTORY! After Two Years of Work Congress Reinstates GHP Tax Credits GEO PERSISTANCE GEO DILIGENCE FOCUS ON THE PRIZE TAX EQUITY ACHIEVED Tax Credits for geothermal heat pumps expired December 31, GEO Board, staff and DC team worked with coalition for 2 years to regain parity with solar through fairness in tax code. Congress approval was included in budget passed on February 9, % tax credit for residential installations extended through 2021 with a 2-yr. phase-out (26% in 2020, 22% in 2021). Commercial tax credit reinstate at 10% through Dec. 31, 2021, with placed in service language changed to work commenced.
4 GEO State Geothermal Initiatives Arizona California Colorado Illinois Iowa Maryland Massachusetts Michigan Minnesota Missouri New Hampshire New Mexico New York North Carolina Ohio South Carolina Washington Wisconsin and the list keeps growing! GEO is Helping with Local Initiatives and Urges Formation of State Geothermal Associations
5 States Advocacy for GHPs 2017 Highlights New York Tax Credit Bills and $15 million in State Support for Geo Installation Rebates Michigan Bill passed to provide Renewable Energy Credits for Geo Installations Illinois GEO advocacy changed law and regulation, spawning ComEd Rebate Program GEO Provides Essential Assistance with State Initiatives and Urges Formation of New State Geo Associations Nationwide Virginia GEO is helping the new VGHPA to pass Geo Tax Credit bill Massachusetts RPS law change ushers in state GHP rebate program California Three energy efficiency and net zero bills in play
6 Partnerships Our MOUs With Allies IGSHPA Partnering with a new Memorandum of Understanding with the International Ground Source Heat Pump Association that allows for more focused mutual research and coordinated events. NGWA Longstanding relationship with the National Ground Water Association that involves information sharing and advocacy efforts for the geothermal heat pump industry. HRAI Friendship crossing international border as GEO signed MOU with Heating, Refrigeration and Air Conditioning Institute of Canada to foster mutual goals.
7 Public Relations and Outreach Grassroots Action WORKS! GEO Action Alerts rallied the industry to call and key legislators to support the tax credits for GHPs. Many invited their representatives to visit geothermal job sites, driving home the benefits of our technology. GEO Industry News Monthly circulation nearly 5,000, presenting industry news on policies, regulations, installations, events and more. GEO in the News Press Releases and Op-Eds, GEO reaches out to HVAC trades, political news and popular press. GEO Website ( Revamped with modern design, GEO s new website is a treasure of information aimed at all audiences. GEO Forum Check out the GEO Forum at our website for consumer leads and technical discussions.
8 Research and Standards Research GEO Study on Geothermal Heat Pump Systems vs Variable Refrigerant Flow (VRF) ASHRAE International Headquarters Building, Atlanta, Georgia Dr. Jeffrey Spitler with the University of Oklahoma analyzed data from systems at the ASHRAE building, determining that over time, geothermal heating and cooling was 40% more efficient than conventional air-source systems. Standards C448 Bi-National Standard for Geothermal Heat Pumps GEO and its members provided valuable input and public outreach to CSA for its C448 Bi-National Standard, which harmonizes technologies, simplifies and incorporates existing regulations, and provides credibility for the geothermal heat pump industry across North America through accredited neutral standards. Proposed Geothermal Heat Pump vs. Air Source Heat Pump Performance in Cold Climates
9 Questions? Contact GEO Staff GEO The Geothermal Exchange Organization 312 South 4 th Street Springfield, IL Phone (888) Doug Dougherty, President and CEO (217) Doug@GeoExchange.org Ryan Dougherty, Chief Operating Officer (217) Ryan@GeoExchange.org Ted Clutter, Outreach and Communications (509) tclutter@geoexchange.org
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