October 6, 2008 - Geothermal Heat Pump Tax Credit Legislation Signed into Law - Christine Reimer
On Friday, October 3, 2008, the US House of Representatives passed H.R. 1424 - The Financial Markets Bill with Energy Extenders included.
The final House vote was: 263-171. The bill was quickly sent to the President’s desk and has been signed into law.
The new law includes federal tax credits for commercial and residential geothermal heat pump system installations – see excerpt below the signature line.
Just as we have asked for passage of this legislation from Members of Congress, we should thank those who made this possible. Please call your Senators and Representatives through the Capitol number 202-224-3121 and thank them.
Thank you to all of our members and NGWA’s Washington representatives who have worked to secure these tax credits. Dan Ellis of ClimateMaster should be noted especially for his tirelessly efforts.
The passage of the geothermal heat pump tax credits is tremendous news for the environment, our efforts to help achieve energy independence, consumers, and geothermal heat pump industry members.