As network geothermal systems break ground in record numbers, the HVAC contractors responsible for installing and maintaining these systems are met with ample business opportunities.
As the U.S. moves toward electrification, heat pumps are becoming more popular, which will likely increase sales in the coming years. The key is to know which type of heat pump will work best for an application, as there is a wide range of equipment from which to choose.
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.
Electrification presents a prime opportunity for contractors to deepen their relationships with customers who are looking for gas-fired heating alternatives. But they must first understand how different factors could influence the type of new system needed for an application.
The DOE is investing up to $6 million in research and design to lay the groundwork for more geothermal heating and cooling systems at federal facilities.
Across the country, state and local governments are mandating lower building emissions, pushing building owners to full electrification. Building codes and natural gas bans, however, only target new construction.
Consumer awareness and opinion of heat pumps are both improving, along with the technology. Manufacturers see a strong market ahead, although some challenges remain.