Oklahoma geothermal group lobbies to reinstate tax credit
June 2, 2017
OKLAHOMA CITY (AP) — The Geothermal Exchange Organization is lobbying to reinstate a tax credit for homeowners after geothermal companies saw a decline in residential customers last year.
The Journal Record (http://bit.ly/2rfsk6d ) reports the 30 percent federal tax credit was available to people who purchased an Energy Star geothermal pump from 2008 to 2016. It allowed homeowners to recoup the cost within three to five years.
Now, the Geothermal Exchange Organization is seeking to pass the Technologies for Energy Security Act of 2017 that would reinstate a tax credit of either 26 percent...