Articles Tagged with ''geothermal market''

The Chicago area is one of the markets seeing an increased interest in geothermal systems from businesses and institutions like schools and governments.

With the geothermal market enjoying an enormous surge in popularity due to financial incentives and its reputation for sustainability, now is the time for contractors to strike while the iron is hot and add geothermal to their offerings.

Decarbonization and electrification, the refrigerant transition, and incentives were big topics among geothermal companies at the AHR Expo. Consumer education and ease of product serviceability were also discussed.

As Rochester city leaders set the ambitious goal of reducing greenhouse gas emissions by 50% by 2030 and 100% by 2050, the challenge is now how to follow through.

Kyle Gargaro, editorial director, The ACHR NEWS, traveled to Oklahoma City to talk with Climate Control Group COO Kevin McNamara about the state of the geothermal industry.

HVAC contractors who are prepared to embrace these advances will realize more opportunities to meet their customers' needs and ultimately become more successful in an increasingly competitive field.

Though geothermal systems can cost several times more than traditional HVAC units, the energy savings may be substantial.

The DOE aims to build upon current Enhanced Geothermal Shots by accelerating research, development, and demonstrations within enhanced geothermal systems, to tap into and better understand resources while significantly reducing the cost of EGS.

Since President Joe Biden invoked the DPA back in June 2022, HVAC-related energy efficiency incentives and renewable energy technology, have made their way into the spotlight. Many of those who work in the geothermal industry have been “waiting for this day” for decades.