GEO Pushing for Reinstatement of GHP Installation Tax Deductions
The Geothermal Exchange Organization (GEO) is actively supporting “tax extenders bills” that are under consideration by the U.S. House of Representatives and in the U.S. Senate. The bills would reinstate and extend several tax incentives that expired in 2013.
“Section 179 for expensing and bonus depreciation for ‘qualified property,’ which includes geothermalheat pump installations, both expired on Dec. 31, 2013,” says GEO President Doug Dougherty.