Barring an act of Congress, the 30 percent federal tax credit for residential geothermal heat pump (GHP) systems will expire at the end of 2016. The industry is worried about what that means for the future.
Company is the first to crowdfund project financing options
July 24, 2015
Steady State Renewable Energy Co. designs and installs geothermal heat pump systems in Oklahoma and north Texas. With the launch of Steady State Asset Partners, the company is the first to crowdfund project financing options that offer investors the opportunity to provide upfront capital for new geothermal projects.
A fair number of consumers do not mind spending more for a system that provides premium comfort, higher efficiency, and is aesthetically pleasing — especially if it’s going to be installed in a high-end home.
North America and Europe Lead the Global Geothermal Heat Pumps Market
May 25, 2015
The global geothermal heat pumps market is forecast to reach $130.5 billion by the end of 2020, exhibiting a 13.1 percent compound annual growth rate (CAGR) from 2014 to 2020, according to a new market research report from Transparency Market Research.
Bosch Thermotechnology, a division of Robert Bosch North America, announced the launch of a national geothermal awareness campaign today, Earth Day 2015, to raise public awareness and understanding of geothermal heating and cooling and its environmental benefits.
The Book Provides Information to Configure the Most Efficient and Cost Effective Systems
March 16, 2015
ASHRAE has announced a newly published book, Geothermal Heating and Cooling: Design of Ground-Source Heat Pump Systems (GSHP). The publication is a complete revision of Ground-Source Heat Pumps: Design of Geothermal Systems for Commercial and Institutional Buildings, published in 1997.
While the geothermal industry is enjoying the growth, many are focused on 2016, when the tax credits are set to expire. The existing tax credit grants a 30 percent incentive for residential projects and 10 percent for commercial projects.
Aldridge Has More Than 25 Years of Experience in the HVAC Industry
February 20, 2015
LSB Industries Inc. announced that Richard Aldridge has been appointed president of its ClimateMaster Inc. subsidiary, a geothermal heat pump manufacturer and the largest business in LSB’s Climate Control segment. Aldridge previously served as vice president of operations for the Climate Control Business.