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Congress Reinstates Geothermal Tax Credits

Congress Reinstates Geothermal Tax Credits

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• This tax credit is retroactive. Homeowners who bought a geothermal heating, cooling, and hot water system from January 1, 2017 till now qualify for the 30% credit.
• The tax credit will be at 30% until December 31, 2019. In 2020 the tax credit will begin to phase out, dropping to 26%, and in 2021 it lowers to 22 percent. The tax credit will expire on December 31, 2021.


PRESS RELEASE February 9, 2017
Geothermal Heat Pump Tax Credits Reinstated
Hard-Fought Victory Will Secure Jobs and Time to Help Overcome Market Barriers
Feb. 9, 2017 (Springfield, IL) Today the U.S. geothermal heat pump (GHP) industry scored a
victory for its workforce and their employers as federal legislation was passed to extend federal
tax credits for residential and commercial installations of GHPs. The measure was included in
the Continuing Resolution spending bill approved by Congress.

The reinstated GHP tax credits are retroactive to Jan. 1, 2017, and extended to Jan. 1, 2022. The
language also changes an important consideration for commercial GHP projects, making them
eligible if commenced by Jan. 1, 2022 rather than placed in service.

“Today’s action by Congress finally fixes the inequity created two years ago when tax credits for
solar installations were extended through 2021,” stated Geothermal Exchange Organization
(GEO) President and CEO Doug Dougherty, “Credits for technologies including GHPs, fuels cells,
microturbines, small wind and combined heat and power were left to expire at the end of 2016.

Since then it was an uphill fight, as GEO and its allies worked diligently for parity with the solar
industry through bills in both the House and Senate. GEO’s message to legislators was
ultimately heard: Congress shouldn’t be picking winners and losers when it comes to renewable
energy and fairness in tax policy. “And now we have finally achieved parity with solar,” said
Dougherty.

Coalition partners included all of the “orphaned” clean energy technologies, and among others,
the National Rural Electric Cooperative Association, the National Association of Homebuilders,
and the Air Conditioning Contractors of America. In the days prior to passage, GEO joined a
larger coalition of business, energy, transportation, real estate, and agriculture stakeholders
who gathered forces to make their case for including tax extenders in the CR that passed the
Senate and the House.

GEO’s relentless campaign to regain GHP tax credits included several Executive Fly-Ins to
Washington DC in 2017, plus GEO Board Members, staff and industry volunteers making
hundreds of visits to House and Senate legislative offices. Grassroots efforts by GEO members
and supporters included job site visits set up for key legislators to show them firsthand the
value of GHPs and plead the industry’s case for tax credit parity with solar.

“Achieving this critical milestone for our industry couldn’t have been accomplished without the
positive and aggressive leadership of GEO staff, GEO manufacturers and members, our DC
lobbying team—and the tireless efforts of my fellow board members during several Fly Ins to
Washington during the past two years,” said GEO Board Chairman Joe Parsons (EarthLinked
Technologies, Inc.).

“Our hard-fought victory for the GHP industry helps ensure a bright future for our technology,”
said Dougherty. “It will stem the loss of jobs we now face, provide more time to overcome
market barriers, achieve economies of scale, and help spread the environmental and economic
benefits of GHPs across America.”

GEO—the Geothermal Exchange Organization—is a non-profit 501(c)(6) trade association
representing the interests of all businesses involved in the geothermal heat pump industry
across the United States. GEO provides outreach to the industry, public and government about
the economic, national security, and environmental benefits of geothermal heat pump systems
for residential, institutional and commercial applications.

For more information, visit
www.geoexchange.org. Phone: (888) 255-4436.

Merry Christmas and Happy New Year from Plumbing and Heating by Craig!

Merry Christmas and Happy New Year from Plumbing and Heating by Craig!

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Christmas and New Year’s are on their way and it is our wish that you are able to have a great holiday season with family and friends. We hope that you are able to stay comfortable and warm!

At Plumbing & Heating by Craig, your family’s safety and comfort are our top priority. We can fix your furnace or air conditioner, perform routine heating and cooling system maintenance, help with your plumbing, or meet your sump pump needs. Look to us for expert information and service.

Call our offices today to find out how we can help keep your family comfortable all season long!

Hutchinson (320) 587-7437
Glencoe: (320) 864-1991
Waconia: (952) 442-8252
Cokato: (320) 286-5119

service@phcraig.com

PHC has got you covered this winter! Get a new furnace and reduce your energy bills.

PHC has got you covered this winter! Get a new furnace and reduce your energy bills.

Although we may not want to admit it, winter will be coming soon! If you have an older, seldom-working furnace, Plumbing and Heating by Craig wants to help keep you from the cold this winter! WE HAVE GOT YOU COVERED!

We have teamed up with the Minnesota Housing Finance Agency to get you a new furnace and to help reduce your energy bills through the Minnesota Housing Fix Up Loan Program. We are offering affordable interest rates, secured and unsecured loans, workable monthly payments, and no income limits.

To learn more about this great offer, please call 320-587-7437, or stop in to see us at 680 Highway 7 East, in Hutchinson, MN.

We are looking forward to keeping you and your family comfortable all winter long!

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Get a Free Year of Comfort Club, ENDING SOON!!

Get a Free Year of Comfort Club, ENDING SOON!!

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Plumbing and Heating by Craig believes that everyone should live comfortably! With our Free Year of Comfort Club offer, with the purchase and installation of any new air conditioner, boiler, or furnace, you can guarantee that your family will always be safe and comfortable. This great offer is ending soon and you would be remiss if you did not take advantage of this opportunity!

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To learn more, click here or call us at 320-587-7437, to schedule an appointment.

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Stay Cool All Summer with COMFORT CLUB!

Stay Cool All Summer with COMFORT CLUB!

Picture this… It is the middle of a hot summer day in July, temperatures are in the 80’s and climbing, with no breeze and high humidity. Your air conditioner suddenly stops working and your home quickly starts heating up. You just want to relax in your nice, cool house but that is no longer an option because your house is becoming increasingly uncomfortable. You have looked at your air conditioner and it beyond anything that you can repair.

Luckily, you took advantage of Plumbing and Heating by Craig’s FREE YEAR of Comfort Club Planned Maintenance and they will come out and fix your air conditioner! You were able to avoid the “what if” that comes along with home ownership and repairs, and were able to get back to a comfortable home!

We would love to have the chance to keep you and your family comfortable all year long! Take advantage of this great offer today!

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To learn more, click here or call us at 320-587-7437, to schedule an appointment.

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FREE UPGRADE from PHC

FREE UPGRADE from PHC

Take advantage of a FREE UPGRADE

The key to keeping your air conditioner or furnace at peak performance is performing routine maintenance.

Aren’t sure how to perform that regular maintenance? Then leave it all to Plumbing and Heating by Craig! With our new upgrade offer to a 10-year parts and labor warranty on any new furnace and air conditioning system, you can leave all of the routine maintenance to us! We can do all of the work to make sure that your heating and cooling systems stay in the best shape possible!

We would love to have the chance to keep you and your family comfortable all year long!

Take advantage of this great offer today by calling 320-587-7437!PHC.FreeUpgrade2

 

FREE YEAR of Comfort Club EXTENDED!

FREE YEAR of Comfort Club EXTENDED!

Great news! Plumbing and Heating by Craig has EXTENDED their FREE YEAR of Comfort Club Planned Maintenance!

Now through February 28th, 2017, you can get a free year of our Comfort Club Planned Maintenance program, which is a $258 value, with the purchase and installation of any furnace, air conditioner, or broiler.

Comfort Club Members will enjoy peace of mind when they sign up for annual maintenance on their heating and cooling equipment – ensuring peak performance, safety, and reliability!

Take advantage of this great offer, call today 320-864-1991, or click here to sign up!

 

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