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...
The Tale of Resilience: How Tongonan Geothermal Plant Overcame Typhoon Haiyan By: Robert Buluma Nearly 20 kilometres outside of the city of Ormoc, The Tongonan-1 geothermal power plant sits in mountainous Kananga, Leyte in the Philippines’ typhoon belt. Image: EDC In the wake of devastation, stories of resilience often emerge as beacons of hope. Such is the case of the Tongonan Geothermal Plant in the Philippines, which not only weathered the destructive force of Typhoon Haiyan but emerged stronger and more resilient than ever before. The year was 2013 when Typhoon Haiyan, one of the strongest tropical storms ever recorded, wreaked havoc on the province of Leyte. Among its victims was the Tongonan Geothermal Plant, a vital energy source in the region. Engineer Teodulfo Troyo, who witnessed the plant's shutdown in anticipation of the storm, recounts the harrowing experience of seeing the facility succumb to nature's fury. But amidst the ruins, a spirit of resilience took root. E...