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.
The moment for geothermal seemed to have arrived several times since the 1970s. A number of factors are forecasting wider use of this type of heating and cooling solution.
Consumer awareness and opinion of heat pumps are both improving, along with the technology. Manufacturers see a strong market ahead, although some challenges remain.
Geothermal heat pumps tap into a renewable source of energy to provide comfort for a home, and HVAC contractors can tap into this market for increased sales.