The Perfect Storm
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The Perfect Storm
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| Background: The $700 billion bailout legislation that was signed into law on October 3, 2008 was called the Emergency Economic Stabilization Act of 2008, H.R. 1424. It contained long-term tax incentives to encourage the use of renewable energy technologies in both homes and businesses. The energy technologies included solar electric generation, fuel-cell electric generation, wind electric generation, and geothermal heating and cooling. The residential geothermal tax credit was 30% of the cost of the geothermal heat pump system up to a maximum of $2,000, and the commercial building geothermal tax credit is 10% of the cost of the geothermal heat pump systems with no cap. Both the residential and commercial building geothermal tax credits are available until the end of 2016. A Huge New Incentive: The $787 billion Stimulus Bill signed in February, 2009 removed the $2,000 cap on the residential geothermal tax credit! So now, if a homeowner retrofits a closed-loop geothermal heat pump system to replace their heating oil or gas hot-air furnace, the $20,000 that they spend is now going to generate a $6,000 tax credit. The entire retrofitted closed-loop geothermal heat pump system will cost them only $14,000! If you thought that the $2,000 tax credit was going to supercharge the geothermal heat pump industry, imagine what the full 30% tax credit is going to do. Remember, a tax credit is subtracted from the tax that you owe the IRS; it is not a tax deduction that just reduces your taxable income. So, now more than ever, it is time to grow your business into the geothermal heat pump industry. By successfully completing either the IGSHPA Installers Training Course PLUS or the Drillers Training Course PLUS and passing the open-book exam, you will become an IGSHPA Accredited Installer (Installers Course) or an IGSHPA Accredited Vertical Loop Installer (Drillers Course). These accreditations will distinguish you from your competition and help you to grow your business in the geothermal heat pump industry. Who should attend an Installers Training Course PLUS? HVAC contractors, construction site superintendents, construction company project managers, construction company administrators, loop-field design engineers, hydrogeologists, environmental engineers, suppliers to the geothermal industry, and anyone else with a professional interest in geothermal heat pump systems, vertical and horizontal geothermal heat exchanger design and installation, loop field drilling techniques, and geothermal loop installation procedures. This course is not just for HVAC contractors! Who should attend a Drillers Training Course PLUS? Water-well drilling contractors, drilling company owners, drilling company project managers, drilling company administrators, loop-field design engineers, hydrogeologists, environmental engineers, suppliers to the geothermal industry, and anyone else with a professional interest in geothermal heat pump systems, vertical geothermal heat exchanger design and installation, loop field production drilling techniques, and geothermal loop installation procedures. This course is not just for well drillers! Even if you are already doing geothermal work, becoming an IGSHPA Accredited Vertical Loop Installer by taking this course and passing the exam will make you stand out from your competition and thereby help your business grow. This course in designed for drillers who are currently doing geo work and is designed for drillers who have not done their first geo job. If you are an environmental consultant, you will benefit from this course by learning how to grow your consulting business into geo. Suppliers have also taken this course to learn how to grow their geo supply businesses. Don’t miss out! By taking an IGSHPA Installers or Drillers Training Course PLUS and passing the open-book exam, you will become an IGSHPA Accredited Installer (Installers Course) or an IGSHPA Accredited Vertical Loop Installer (Drillers Course). These accreditations will distinguish you from your competition and help you to grow your business in the geothermal heat pump industry. Why attend? These IGSHPA Installers and Drillers Training Courses PLUS are designed to help you grow your business into the geothermal heat pump industry. The geothermal heat pump industry has seen an abundance of growth in recent years, in part due to the “perfect storm” brewing in the geothermal heat pump industry. |
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