Articles Tagged with ''geothermal market''

Geothermal Sector Aims to Transcend Lack of Tax Credits

IGSHPA had its highest attendance in seven years

April 24, 2017

It would be fair to say the geothermal industry is at a bit of a crossroads. Despite being around for more than 30 years, the math says it accounts for less than 1 percent of the HVAC market. And, for the first time since 2007, geothermal contractors are out in the market selling their residential products without a 30 percent tax credit.

Geothermal Industry Prepares to Embrace the IoT

The Internet of Things is becoming popular throughout the HVAC industry, including the geothermal sector

Nick Kostora

April 3, 2017

No Comments

The geothermal industry has a lot going on at the moment. Federal tax incentives, or lack thereof, currently dominate the discussion, but manufacturers are releasing new, intelligent geothermal products all the time.

Air Source Heat Pump Demand to Exceed $2 Billion in 2021

Comprising a significant amount of total heat pump demand

March 29, 2017

No Comments

Demand for air source heat pumps is forecast to increase 2.5 percent per year through 2021 to $2.1 billion. Air source heat pumps comprise a significant amount of total heat pump demand, largely due to the easier installation requirements and lower initial costs than geothermal heat pumps. Air source heat pumps also compete more directly with other HVAC equipment and are a viable heating and cooling option in most buildings.

Reed Bill Will Reinstate and Extend Federal Clean Energy Tax Credits

Several industries will benefit

March 9, 2017

No Comments

The geothermal heat pump industry and several other clean energy technology industries are a step closer to saving thousands of jobs with the reintroduction of tax credit legislation by Reps. Tom Reed R-N.Y., Mike Thompson D-Calif., and 18 additional cosponsors (12 Republicans and 6 Democrats).

Efficiencies, Remote Capabilities Shape the Geothermal Market

Regulation, legislation, and rebates are vitally important aspects moving forward

Nick Kostora

February 27, 2017

No Comments

While organizations lobbied Congress for an extension like the ones given to photovoltaic (PV) and solar thermal technologies, the U.S. House of Representatives chose not to extend the tax credits for the geothermal market.

Let’s Get HVAC Out of the Sewer

Wastewater thermal extraction technology has come of age

Jay Egg

November 14, 2016

No Comments

The potential for energy recovery with wastewater is staggering, according to the U.S. Department of Energy (DOE).

Heat Pumps Market Driven by Strong Demand in Western Europe

Western Europe is projected to account for a value share of 40.7 percent of the market by year end

November 11, 2016

No Comments

Global sales of heat pumps is estimated to be valued at $6.5 billion by the end of 2016, witnessing a year-over-year growth of 5.8 percent over 2015, according to a new report from Future Market Insights.

The Whalen Company Welcomes New Leadership

A Q&A with Craig Wanner to discuss his goals at Whalen

Kyle Gargaro

October 31, 2016

No Comments

The NEWS recently sat down with Craig Wanner to discuss his goals at Whalen and his view of the HVAC industry.

It Is Past Time to Renew Geothermal Tax Credits

Industry continues to suffer while government drags its feet

Kyle Gargaro

October 24, 2016

No Comments

The existing 10 percent commercial and 30 percent residential geothermal tax credits are due to expire at the end of the year.

A Dealer Success Panel answered audience questions about geothermal best practices, tax credits, marketing, and more during WaterFurnace Intl. Inc.’s Annual Sales Meeting in Nashville.

WaterFurnace Supports Dealers at Annual Meeting

Annual sales meeting focuses on dealer success

Nicole Krawcke

August 15, 2016

No Comments

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.

During this webinar, we will discuss what acidic condensate is, how it’s formed, and the damage it can cause if not properly treated—while hitting on the latest regulations that are driving the adoption of condensing technology.

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Articles Tagged with ''geothermal market''

Geothermal Sector Aims to Transcend Lack of Tax Credits

Geothermal Industry Prepares to Embrace the IoT

Air Source Heat Pump Demand to Exceed $2 Billion in 2021

Reed Bill Will Reinstate and Extend Federal Clean Energy Tax Credits

Efficiencies, Remote Capabilities Shape the Geothermal Market

Let’s Get HVAC Out of the Sewer

Heat Pumps Market Driven by Strong Demand in Western Europe

The Whalen Company Welcomes New Leadership

It Is Past Time to Renew Geothermal Tax Credits

WaterFurnace Supports Dealers at Annual Meeting

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