Expiration of these credits impacts both the residential and commercial markets
December 7, 2016
The Geothermal Exchange Organization (GEO) expressed extreme disappointment that the House stopgap spending bill to fund the U.S. government does not include an extension of the Investment Tax Credit for geothermal heat pumps. The expiration of these tax credits, which apply to a range of efficiency technologies, will threaten thousands of U.S. jobs.
Western Europe is projected to account for a value share of 40.7 percent of the market by year end
November 11, 2016
Global sales of heat pumps is estimated to be valued at $6.5 billion by the end of 2016, witnessing a year-over-year growth of 5.8 percent over 2015, according to a new report from Future Market Insights.
Heating equipment offers more options for consumers
September 12, 2016
This heating showcase provides in-depth information on the features of each individual unit and also includes technical support information from the manufacturer. The manufacturers provided all of the data included in the product grid as well as in the photo feature; therefore, any questions should be directed to them via the contact information provided in the photo feature section.
It will promote and facilitate mutual cooperation and assistance between the associations
September 5, 2016
The Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI) and the Geothermal Exchange Organization (GEO) announced a memorandum of understanding (MOU) to establish a framework for cooperation in the ongoing development and improvement of the geothermal heating and cooling industry.
Because it uses the earth as a free heat source or heat sink, geothermal is inherently a highly efficient technology that can help homeowners and building owners save a significant amount of energy and money. And, as advances in technology continue to improve the efficiency and controls of these units, the industry is concurrently investigating ways to make geothermal an affordable option for all.
For the past decade, those in the geothermal heating and cooling industry have benefited from two tax credits that incentivize residential and commercial geothermal installations. But both of these tax credits are four months away from expiring, and all efforts to extend them have failed thus far.
Geothermal manufacturers, distributors, and organizations like the International Ground Source Heat Pump Association (IGSHPA) have stepped up their training efforts to ensure HVACR contractors are installing and servicing geothermal equipment to the highest standard.