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          <title>WashingtonWatch.com - S. 2314, The Geothermal Heat Pump Development Act of 2007</title>
          <link>http://www.washingtonwatch.com/bills</link>
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<title>Comment by Dan (October 29, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/show/110_SN_2314.html#45685</link>
<description>Yes it sure was!...</description>
<guid isPermaLink="false">45685@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 29 Oct 2008 00:00:00 EDT</pubDate>
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<title>Comment by JOE  (October 3, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/show/110_SN_2314.html#44507</link>
<description>Was this just included in the Wall Street Bailout bill?...</description>
<guid isPermaLink="false">44507@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 03 Oct 2008 00:00:00 EDT</pubDate>
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<title>Comment by Nancy Carlile (July 10, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/show/110_SN_2314.html#38871</link>
<description>An alternative could be an interest free loan that could somehow be transferred to a succeeding owner if need be. An interest free loan for $40,000 (which is the price for a 4-ton house) would be about $167/mo. over 20 years. Which is a bit more than what I pay now for natural gas, but after the 20 years I'll just be paying for electricity. The benefits of a geo-thermal heat pump also includes its availability to less accessible land holdings, like family farms and ranches that could be using the more dangerous propane. In areas that fall victim to catastrophes like earthquakes, it could provide a secure source of heating or cooling providing a source of electricity is found, it would also do away with the dangers of fire due to breaks in gas lines. It will be hard for the nation to see all those who have already had their utilities disconnected due to non-payment freeze this winter in their own homes, not to mention those who must consider the same as the price of oil skyrockets....</description>
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<pubDate>Thu, 10 Jul 2008 00:00:00 EDT</pubDate>
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<title>Comment by Margi (July 10, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/show/110_SN_2314.html#38884</link>
<description>This is a no-brainer.  The Northeast is dependant on oil to heat our homes and an air-based heat pump isn't reliable enough in this climate.  Geothermal heat pumps are.  We're going to need significant relief this winter from the price of oil and this is an environmentally responsible way to do it....</description>
<guid isPermaLink="false">38884@http://www.washingtonwatch.com</guid>
<pubDate>Thu, 10 Jul 2008 00:00:00 EDT</pubDate>
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<title>Comment by Larry Menkes (June 11, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/show/110_SN_2314.html#36928</link>
<description>This bill is a win-win for everyone; you'd have to be a fool or an ignoranus to oppose it. 

Geothermal is the most efficient way to heat or cool a structure after passive solar. Thus, it is the most fiscally responsible way to heat and cool structures. Anything other mode is wasteful by comparison.

It reduces heating and cooling costs, has no onsite greenhouse gas (GHG) emissions, eliminates non-electric fuel delivery costs and infrastructure, is virtually silent, lasts 50 years, is almost maintenance free and greatly reduces GHG contributions to global climate change. It is kind to our children who will inherit the climate and pollution problems caused by wasting energy. In the likely event of energy insufficiency, predicted by reliable sources to occur by 2014, geothermal systems will be working and providing essential heat and cooling at a reasonable cost. Homeowners are already going into foreclosure because their home energy costs are exceeding their high mortgage payments....</description>
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<pubDate>Wed, 11 Jun 2008 00:00:00 EDT</pubDate>
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<title>Revision by webmaster (December 16, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_2314.html?rev=14757</link>
<description>&lt;p&gt;S. 2314 would amend the Internal Revenue Code of 1986 to make geothermal heat pump systems eligible for the energy credit and the residential energy efficient property credit.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Geothermal Heat Pump Development Act of 2007 - Amends the Internal Revenue Code to: (1) to include equipment that uses the ground or ground water as a thermal energy source or sink to heal or cool a structure (i.e., geothermal heat pump systems) as energy property for purposes of the energy tax credit; (2) allow a residential energy efficient property tax credit for 30% of qualified geothermal heat pump property expenditures; and (3) allow accelerated three-year depreciation of geothermal heat pump systems.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 11/6/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">14757@http://www.washingtonwatch.com</guid>
<pubDate>Sun, 16 Dec 2007 00:00:00 EST</pubDate>
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<item>
<title>Revision by webmaster (November 7, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_2314.html?rev=13434</link>
<description>&lt;p&gt;S. 2314 would amend the Internal Revenue Code of 1986 to make geothermal heat pump systems eligible for the energy credit and the residential energy efficient property credit.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to update the status of the bill!)&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">13434@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 07 Nov 2007 00:00:00 EST</pubDate>
</item>
<item>
<title>Revision by webmaster (November 7, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_2314.html?rev=13435</link>
<description>&lt;p&gt;S. 2314 would amend the Internal Revenue Code of 1986 to make geothermal heat pump systems eligible for the energy credit and the residential energy efficient property credit.&lt;/p&gt;


&lt;h2 id=&quot;toc8&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc9&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 11/6/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc10&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc11&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">13435@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 07 Nov 2007 00:00:00 EST</pubDate>
</item>
<item>
<title>Status as of November 6, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_SN_2314.html</link>
<description>11/6/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.</description>
<guid isPermaLink="false">30641@http://www.washingtonwatch.com</guid>
<pubDate>Tue, 06 Nov 2007 00:00:00 EST</pubDate>
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