Geothermal

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In addition to geothermal energy, the different types of energy producers eligible for such tax credits for calendar year 2025 include wind, closed-loop biomass, open-loop biomass, solar energy, municipal solid waste, qualified hydropower production, and marine and hydrokinetic renewable energy.

In this episode of The Driller Newscast, Host Brock Yordy dives into the so-called “Big Beautiful Bill” making waves in Washington—legislation with major implications for the drilling, HVAC, and geothermal industries.

The IRA contains a provision called the “production tax credit” (PTC) that allows taxpayers to deduct a percentage of the cost of renewable energy systems from their federal taxes, according to the Environmental Protection Agency (EPA).

Advances in technology such as directional drilling; fiber optic sensing; and hydraulic fracturing techniques from the oil and gas sector have “unlocked geothermal energy in places where it was previously impossible,” said Tim Latimer.

The Fleming brothers have always had a knack for heavy equipment, and they brought with them skills that they learned outside the industry that gave them a bit of an edge. 

NY-GEO 2025 felt like a true community gathering — every panel and keynote felt more like an open, honest discussion than a formal presentation.

One of the most refreshing aspects of this year’s panels has been the open and candid dialogue. Attendees are asking the tough questions — and panelists are answering them. The industry is radiating confidence, and it shows.

The Geothermal Drillers Association (GDA) is a member-driven nonprofit founded by drillers for the advancement of drillers, promoting professionalism in the geothermal drilling industry through access to educational, safety, and business resources.

The growth stats are impressive: NY-GEO’s membership has tripled since 2014, and federal projections point to 80 million homes with ground source systems by 2050. 

The industry needs more to hit our 2030 goals and, ultimately, 2050 NetZero goals! We need more equipment than what is built today. We need more people to join the industry and establish careers in ground source geothermal.