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.
Army has contracted for 127 individual projects, or task orders, totaling $1.015 billion
August 25, 2016
The U.S. Army announced it has surpassed the $1 billion mark in energy savings performance contracts and utility energy services contracts in less than five years. This is in response to President Obama’s challenge to all federal agencies to achieve a total investment of $4 billion before the end of 2016.
NEO Network developed to foster industry collaboration
August 16, 2016
Schneider Electric has introduced the New Energy Opportunities (NEO) Network™, a collaborative online platform to help commercial and industrial companies quickly identify and vet renewable energy, cleantech, and energy-efficiency prospects.
City also pledges to reduce carbon emissions citywide by 80 percent by 2040
August 2, 2016
Salt Lake City Mayor Jackie Biskupski, members of the City Council, other city leaders, and members of the business and nonprofit community gathered on the steps of City Hall to launch the city’s initiative to transition the community to 100 percent renewable energy sources by 2032.
IKEA announced it is furthering its renewable energy commitment with plans for biogas-powered fuel cell systems at four more of its California stores. A year ago, IKEA completed installation of such a project at IKEA Emeryville, one of the company’s two San Francisco-area stores.
Wind and solar PV had record additions for the second consecutive year
July 4, 2016
Renewable energy accounted for nearly 25 percent of global electrical capacity in 2015, according to a new study, Renewables 2016 Global Status Report, by REN21. The power sector experienced its largest annual increase in capacity ever, with significant growth in all regions.