WaterFurnace International Inc., a manufacturer of geothermal and water source heat pumps, has named John C. Thomas president and chief executive officer. Thomas takes over from Fred Andriano, who served as interim CEO. Andriano will continue his financial roles within NIBE and WaterFurnace.
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.
The two-day event, which focused on helping dealers strengthen and grow their businesses, featured presentations on WaterFurnace products, marketing tools, training, financing, and more. Attendees also heard updates from the Geothermal Exchange Organization (GEO) and the International Ground Source Heat Pump Association (IGSHPA) regarding the geothermal tax credits.
Credit provides 25 percent up to $5,000 for GHP installations
July 11, 2016
Geothermal heat energy is part of Assembly Bill 10342 — the New York State Climate & Community Protection Act, which would cut greenhouse gases by 100 percent by 2050 with an interim goal of 50 percent by 2030. The legislation promotes renewable energy, including GHPs.
Having designed so many systems for others, it’s natural to wonder what kind of HVAC equipment contractors would install in their own homes if money were no object. Their answers just might surprise you.