While geothermal still represents just a fraction of the overall energy market, a renewed interest in energy efficiency and clean, electric technologies is creating a favorable environment for growth. Per a December 2018 study by Global Market Insights Inc., the global geothermal market is forecasted to reach $4 billion in 2024.
Alongside the big splashy geothermal developments, a smaller geothermal revolution is quietly gaining steam: neighborhood retrofits on ordinary subdivisions.
The NEWS spoke with Doug Dougherty, president and CEO of the Geothermal Exchange Organization, about the impact of the tax credit, trends in geothermal, and GEO’s increased focus on state-level policies.
With a capacity range of 25-100 percent, the WaterFurnace variable capacity system will scale its output to what your building actually needs, maximizing occupant comfort levels.
The geothermal market is growing and the HVAC contractor can find it profitable. In order to help contractors just getting into the field or give those who are in the field a few pointers, The NEWS teamed up with AHRI for this geothermal eBook.
The baffling element of the Omnibus spending bill passed by Congress in December 2015 was the lawmakers’ decision to extend residential and commercial tax credits for solar photovoltaics and big wind through 2021, while allowing similar incentives for ground source heat pumps and other “orphaned” technologies to die on the vine.
If there is someone out there with more industry passion than Jack DiEnna, I have yet to meet them. The best way to describe DiEnna would be the “godfather of geothermal.”
Commercial buildings have high energy needs, and it’s no secret that the HVACR system is one of the largest sources of electricity consumption in them. Since the U.S. Energy Information Administration (EIA) began tracking energy use through its Commercial Buildings Energy Consumption Survey (CBECS) in 1979, total energy consumption has almost doubled.
Attendees of the 2018 International Ground Source Heat Pump Association (IGSHPA) Conference and Expo were glowing with optimism, encouraged that the worst may be behind them.