This system is a smart, all-in-one home heating, air conditioning, and hot water heating system. Its efficiency comes from tapping into the ground as a heat source or sink.
Pinewood Forest is one of several large, master-planned developments that’s sidestepping the traditional HVAC system to embrace — and mandate — geothermal heat pumps for heating and cooling communitywide.
After making the “big leap” into a mortgage to secure a 60-acre parcel in Lancaster County, Pennsylvania, farmers Keith and Jenessa Frey considered all the options for a home.
The bill changes an important consideration for commercial geothermal heat pump projects, making them eligible if commenced by Jan. 1, 2022, rather than using a placed-in-service deadline.
Doug Dougherty, CEO, Geothermal Exchange Organization (GEO), is optimistic the credits will still be implemented in time for the start of 2018 -- even if they're left out of the conferenced tax reform bill.
While this marks a significant step toward achieving a goal of tax parity for geothermal heat pumps, this is not law yet, said GEO representatives in a press release.