During the Renewable Energy and Energy Efficiency EXPO and Policy Forum that took place in Washington, D.C. on July 9, 2015, Karl Gawell, executive director for the Geothermal Energy Association (GEA), called on bipartisan action. “In the world market, policymakers are working to address the upfront risk of geothermal projects and shortening lead times. Congress needs to take action on pending legislation to make similar progress in the U.S.,” Gawell said.
He added that geothermal projects are subject to extensive bureaucratic delays. “Geothermal development projects can go through as many as six NEPA analyses,” explained Gawell. As a result, geothermal projects cannot effectively take advantage of short-term tax incentives. We need longer term incentives.
There are currently several pieces of legislation pending in the U.S. House and Senate that seek support for renewable energy including geothermal energy development (S.562, S.822, S.1057, S.1155 and S. 1407, in the Senate). Gaswell called out to legislators: “We urge the sponsors of the individual pieces — Senators Heller, Wyden, Tester, Risch, Crapo, Merkley, Murkowski and others (as well as Representatives Simpson, DeFazio and Gosar) – to work together on a bipartisan basis if an energy bill moves forward.”Read More