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...
Geothermal energy is poised to play a transformative role in the global shift toward renewable energy and sustainable development . By: Robert Buluma As the world races to meet ambitious decarbonization targets, the untapped heat beneath our feet offers a reliable, baseload power source that can complement intermittent wind and solar generation. However, unlocking this potential at scale requires not only cutting-edge geothermal future technologies but also streamlined policy frameworks , innovative financing models , and a reimagined geothermal value chain that reduces costs and accelerates deployment. This article explores the next generation of geothermal innovations technologies that are still on the drawing board alongside strategies to simplify regulations, attract capital, and integrate the value chain into fewer, disruptive steps. Throughout, we’ll highlight key aspects such as enhanced geothermal systems, closed‑loop geothermal, AI-driven exploration, poli...