The geothermal industry is acutely aware that government-issued commercial and residential tax credits are set to expire at the end of 2016. Currently, geothermal heat pumps in commercial applications are eligible for a 10 percent income tax credit, and residential applications may receive up to a 30 percent incentive.
GHPs may not often be a consumer’s first choice for heating and cooling, but many contractors remain dedicated to the technology, and they’re still finding consumers who want GHPs — even in areas where their benefits are not known as well.
The New York City Council voted unanimously to pass a bill that encourages the installation of geothermal energy and requires that geothermal heat pumps be considered for all new construction and retrofits of city-owned buildings.
As customer interest in geothermal has increased, numerous HVAC contractors have begun offering GHPs as a way to expand their businesses and give their customers another energy-efficient HVAC option. But, while many of these contractors have undergone extensive training and took the time to properly design and install their GHP systems, others may not have been so careful.
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The SmartSource Compact vertical water-source heat pump (WSHP) is suited for applications where size and efficiency are key specifications, such as condominiums, multifamily homes, hotels, and residential buildings.