HVAC Breaking News

June 8, 2009: DOE Offers $50 Million in Funding to Promote Geothermal Heat Pumps

WASHINGTON - The U.S. Department of Energy (DOE) announced that it will offer nearly $50 million in funds from the American Reinvestment and Recovery Act to accelerate the deployment of geothermal heat pumps (GHPs). Also referred to as ground-source heat pumps, GHPs generally achieve higher efficiencies than air-source heat pumps, because the ground maintains a relatively stable temperature throughout the year, even during heat waves and extreme cold snaps. They can provide space heating and cooling and water heating for residential and commercial buildings. According to the DOE, GHPs can substantially reduce the electricity demand for buildings, providing building owners and residents with lower utility bills and reduced maintenance costs.

To accelerate the deployment of GHPs, DOE will offer funding for cost-shared technology demonstration projects that provide a minimum of 50 tons of heating and cooling capacity. Ideally, the projects will use technologies that can be deployed in various geological conditions and climate zones and in either residential communities or commercial buildings. The selected projects will incorporate innovative business and financing strategies and will focus on technological improvements that will speed the adoption of GHPs for buildings throughout the country. To help achieve that goal, DOE will also offer funding for life-cycle cost tools that will help evaluate the feasibility of using GHPs. The tools will be used to analyze the costs and benefits of various systems and installation techniques over their entire operating lifetime. DOE will also fund the creation of a national certification and accreditation program for the GHP industry.

Publication date: 06/08/2009

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2013 ACCA Conference & IE3 Expo

Photos from the 2013 ACCA Conference & IE3 Expo in Orlando, Fla.

Podcasts

Selling Zoning is Easier Than You Might Think

This overview of the benefits of zoning includes tips for selling to consumers and businesses. Tom Jackson discusses options for new construction and retrofit, as well as some ways a residential contractor can get into the light commercial business with zoning products. Speaker: Tom Jackson, CEO, Jackson Systems
More Podcasts

THE MAGAZINE

ACHRNEWS

NEWS 05-13-13 cover

2013 May 13

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

HVAC LEASING

Some HVAC contractors have introduced leasing programs for consumers. Do you think this is a viable option?
View Results Poll Archive

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con