Description

NY-GEO Immediate Past President and President, Aztech Geothermal, John Ciovvaco, will present on Friday, Oct 27 a session: Networked Geothermal Heat Pump Systems as an Alternative to Natural Gas. Description: As New York’s Climate Law moves towards implementation, Networked Geothermal Heat Pump (GHP) systems are emerging rapidly. Last summer the passage of the Inflation Reduction Act (IRA) expanded and extended federal tax incentives for GHPs to unprecedented levels. Then Governor Hochul signed into law the Utility Thermal Energy and Jobs Act requiring all major utilities to file their plans for networked geothermal pilot projects with the Public Service Commission (PSC). Another bellwether is the participation of over forty (40) Community Heat Pump System projects being funded by NYSERDA’s PON 4614, which guides projects in stages from feasibly to construction.

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