Support Geothermal Legistlation in Maryland

Ground Loop Heating & Air Conditioning, Inc. is requesting your support!  These laws will impact geothermal customers and installation companies.  Please take a few moments to call or email your legislators and request their support for these bills.

THANK YOU FOR YOUR SUPPORT!

Great news in the fight to keep Maryland Geothermal energy on track. There is critical geothermal legislation before the Maryland State Senate, and an identical bill in the Maryland House of Delegates, that would increase the requirements of Maryland’s Renewable Portfolio Standard (RPS) program by creating a separate Thermal Tier (aka‘geothermal carve-out’). If enacted, the legislation will substantially enhance the development of geothermal energy along at a sustainable rate. Identical bills, HB 0931 and SB 0530 – Renewable Energy Portfolio Standard – Thermal Energy would implement the conclusions of Maryland’s Thermal Energy Task Force.

The bills currently before and awaiting action by the General Assembly would require use of Tier 1 renewable thermal energy sources, to equal 0.1 percent of qualifying electric sales in 2015 and rise to 2 percent of electric sales by 2024. If enacted, the legislation will substantially reduce the up-front capital cost and accelerate the ‘pay-back’ period for owners of geothermal heating & cooling systems. In existing law the RPS provides for a solar care-out with a demonstrated track record of economic development benefits derived by companies in the solar industry!

What Can You Do Now – Call or Email Today!

Click here to send a message to your county Maryland State Senators asking them to support this important legislation, Senate Bill 530.

http://mgaleg.maryland.gov/webmga/frmmain.aspx?pid=legisrpage&tab=subject6&s=cnty

Click here to send a message to your county Maryland State Delegates asking them to support this important legislation, House Bill 931.

http://mgaleg.maryland.gov/webmga/frmmain.aspx?pid=legisrpage&tab=subject6&s=cnty

 

Maryland General Assembly -Your State Senator and Delegate by Name per business or residential address:

http://mgaleg.maryland.gov/webmga/frmmain.aspx?pid=legisrpage&tab=subject6&poptype=find&popid=

And convey the following talking points:

 

* The Thermal RECs will improve ROI by reducing payback periods, which will make an already attractive technology even more economically plausible

* Will have significant local economic developments impacts for growing well drilling, HVAC, and supplier companies

* System owners in all markets will realize substantial energy and cost savings, up to 60%

* And of course, Maryland will significantly decrease its dependence on dirty and inefficient fuels, such as coal.

 

Background:

As reported by the recent Thermal Energy Task Force, “…thermal energy is used to meet a substantial share of Maryland’s total energy requirements, and contributes significantly to energy costs and greenhouse gas emissions.” “Like it has before with the original RPS, the General Assembly has an opportunity to foster development of a new industry that will target many of the State’s policy goals such as lower energy costs, reduced greenhouse gas emissions, increased energy independence, and economic development… The formation of two new thermal energy tiers in the RPS can help meet these goals.

 

By creating a new mechanism to support newly constructed thermal or CHP [combined heat and power] systems that use renewable fuels, Maryland can target an underdeveloped industry, create new jobs, and move forward towards a lower carbon energy future.”

The bills currently before the General Assembly would require use of Tier 1 renewable thermal energy sources to equal 0.1 percent of qualifying electric sales in 2015 and rise to 2 percent of electric sales by 2024.The legislation, if passed, would also create a trading system for Thermal Renewable Energy Credits (TRECs) that could be sold by geothermal system owners of qualifying thermal systems.

 

This entry was posted on Sunday, March 30th, 2014 at 10:40 pm. Both comments and pings are currently closed.

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