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"US Geothermal Tax Credits 2026: What the IRA/45Q Changes Mean for Developers"

US Geothermal Tax Credits in 2026: What Is Actually Still Alive After OBBBA For an industry that spent more than a decade building financial models around a stable federal incentive structure, 2026 has been a year of whiplash. The 30% federal geothermal tax credit that developers and homeowners built forecasts around is gone in one form and still alive in another, and even the IRS’s own public guidance has been confusing enough to trigger uncertainty across the market. That confusion is not a minor clerical issue. It is shaping investment decisions, contractor sales pitches, homeowner timelines, and project finance assumptions right now. If you work in geothermal, the key question is no longer whether federal incentives exist, but which incentive applies, to which project type, and under what ownership structure. The law that changed the timeline To understand where things stand in 2026, you have to start with the Inflation Reduction Act of 2022, which created a long runway for clean e...

GeoEnergy NI Gets Approval To Drill For Geothermal In Stormont

Unveiling the Green Potential Beneath Stormont: GeoEnergy NI Project

By:Robert Buluma

Amidst the majestic grounds of Stormont Estate in Northern Ireland, a groundbreaking initiative is set to unfold, poised to transform not just the landscape, but the very essence of energy Sustainability  GeoEnergy NI has received the resounding green light from Belfast City Council, marking a pivotal moment in the journey towards harnessing the Earth's renewable resources.

Conor Lydon, the visionary lead contractor of GeoEnergy NI from Tetra Tech delves into the exciting prospects of this endeavor. The project, spanning across Northern Ireland, is not just about exploration; it's a testament to their collective commitment to combatting climate change and embracing a future powered by clean energy solutions.

At its core, GeoEnergy NI is a beacon of hope, paving the way for a paradigm shift in how we approach heating and cooling systems. By tapping into the shallow geothermal potential beneath Stormont, the project aims to spearhead sustainable, low-carbon alternatives to traditional fossil fuel-based heating methods.

What makes this endeavor particularly thrilling is its ripple effect. Beyond Stormont, the implications extend to neighboring towns and cities, promising a ripple effect that could redefine the energy landscape of the entire region. With the aquifer beneath Stormont serving as a microcosm of potential, the insights gleaned from this feasibility study hold the key to unlocking geothermal energy's full potential across Northern Ireland.

As the project gears up for its drilling and testing phase, anticipation hangs thick in the air. Over the next six months, a meticulous series of boreholes will be drilled, each one a conduit to a greener, more sustainable future. Yet, amidst the technical intricacies lies a commitment to transparency and community engagement. The project team is poised to work hand in hand with local stakeholders, ensuring minimal disruption while maximizing understanding and appreciation for this groundbreaking endeavour , But GeoEnergy NIisn't just confined to the realm of drilling rigs and scientific analyses. It's a story that beckons exploration, inviting curious minds to delve deeper into the possibilities that lie beneath our feet. The GeoEnergy NI Discovery Centre, stationed at Stormont Estate, promises an interactive journey into the heart of geothermal energy, offering visitors a firsthand glimpse into the mechanics of sustainability.

So, as the drilling rigs stand poised to pierce the surface of Stormont Estate, they herald not just a new chapter in Northern Ireland's energy narrative but a testament to human ingenuity and our unwavering resolve to forge a path towards a greener, more sustainable future. Stay tuned as GeoEnergy NI unfolds, one borehole at a time, shaping the landscape of tomorrow with every turn of the drill.

In addition to this recent unfolding in Geothermal Energy, Poland has the recent rig set up in Gluszyca in search for steam

Source:GeoEnergy NI

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