Geothermal heat pump (GHP) installations in Illinois got a boost recently by the state’s General Assembly, which just passed language sponsored by the Geothermal Exchange Organization (GEO). The legislation is intended to remove roadblocks to financing of geothermal projects in the state. SB 1603 was amended in the Illinois House of Representatives to included GEO language, and approval in the Senate followed May 30.
“The GEO language had to amend three separate existing statutes,” said GEO President and CEO Douglas A. Dougherty, “including the Illinois Finance Authority Act, the Illinois Power Agency Act and the Public Utilities Act (PUA).”