The bill significantly reduces the cost of a geothermal installation, spurs job creation, and hopes to inspire more contractors to tap into the geothermal market.

Organizers for the Paris Olympics are working to keep athletes cool at the 2024 Olympic Games, but it doesn’t involve air conditioning. Instead, an underground cooling system will be installed.

With the geothermal market enjoying an enormous surge in popularity due to financial incentives and its reputation for sustainability, now is the time for contractors to strike while the iron is hot and add geothermal to their offerings.

At a recent IGSPHA meeting, tips were shared on how HVAC contractors can become geothermal powerhouses.

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.

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.

Despite being around for more than 30 years, it is fair to say geothermal technology is a niche in the HVAC market.

The market for ground-source heat pumps is linked directly to growth of geothermal as a way to heat and cool homes.