Rapid adoption of geothermal heating and cooling in New York is critical for stopping the use of fossil fuels for space heating and for meeting New York's climate goals. However, New York's geothermal heating and cooling (GHC) industry is approaching the edge of a cliff as the December 31, 2016 expiration date for a 30% Federal GHC tax credit draws closer. Without a tax credit, the costs of GHC systems will rise and installations will drop. GHC projects are already falling off rapidly, and layoffs have begun. The clean energy jobs of more than 1,000 New Yorkers are at risk of disappearing.
In June 2016 the NYS Legislature passed a 25% GHC tax credit, capped at $5,000, for residential GHC installations. The combined vote in both houses was 201 to 1! If Governor Cuomo signs Bill A9925, the NY State geothermal tax credit will become a reality and help avert the disastrous demise of our geothermal industry. Please help support geothermal heating and cooling jobs and the environment by encouraging Gov. Cuomo to sign the bill. When you fill in the information fields, Alliance for a Green Economy will mail an actual postcard to Governor Cuomo's office. We need to act quickly to protect clean energy jobs and meet our climate goals. Thank you for your help!
Dear Governor Cuomo:
Over 30% of New York’s greenhouse gas (GHG) emissions come from heating homes and buildings. We can't reach NY's goal of a 40% reduction in GHG emissions by 2030 if we don't start eliminating the burning of fossil fuels for heating.
I join Alliance for a Green Economy and others in asking you to sign A9925, the Geothermal Tax Credit bill, modeled on NY’s current Solar PV tax credit of 25% (up to $5,000) per installation.
I would like the same opportunity to install a geothermal heating and cooling system as I have to install a solar PV system. A NYS tax credit will help make geothermal heat pumps affordable for many New Yorkers and will support jobs and the environment.
Let’s heat without combustion and create more good, green, tax-paying jobs in the process.