GEOTHERMAL Act of 2024
The GEOTHERMAL Act of 2024 establishes a federal grant program to support the installation of networked geothermal heating and cooling systems. It authorizes $150 million for fiscal year 2025 and $120 million annually through 2029 to be distributed through state energy programs. Eligible recipients include nonprofits, municipalities, low-income housing developments, wastewater authorities, and utilities that can demonstrate these systems will reduce energy usage and greenhouse gas emissions. The grants can fund both system deployment and studies to identify suitable locations, with requirements for wage standards, apprenticeship programs, and prioritization of projects in disadvantaged communities. States must report on grant usage and outcomes, with 2% of funds reserved for Indian Tribes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 25, 2024
Last action Sep 25, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 25, 2024
Committee
Read twice and referred to the Committee on Energy and Natural Resources.
upper
Sep 25, 2024
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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