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...
Turkey’s Geothermal Sector Wants a Faster Path to Growth By: Robert Buluma Image: A Turkish Geothermal Power Plant Turkey’s geothermal industry is asking for a simpler permitting system that could speed up investment, cut delays, and help the country reach its 2035 energy targets more efficiently. With installed geothermal power already at 1,800 MW, the sector says it is ready to scale to 4,500 MW and beyond if approval processes are streamlined without weakening environmental safeguards. A $10 Billion Expansion Is on the Table The industry’s growth plans are tied to roughly $10 billion in projected investment over the next decade. That capital would support new geothermal plants, drilling, land acquisition, environmental approvals, licensing, and grid-connected generation assets. For investors, the opportunity is significant: geothermal offers firm, dispatchable renewable power, which makes it strategically valuable in a system that increasingly needs stable clean energy. The Cas...