Archive for the In the News Category

30% Geothermal Tax Credit is Back!

H.R.1892 - Bipartisan Budget Act of 2018 was signed by the President on 2/09/2018. In this 640 page piece of legislation there is small section which changes the expiration date from "December 31, 2016" to "December 31, 2021" The 30% Federal Tax Credit for Geothermal Systems is back! What if I had a system installed in 2017? Your system will qualify for this credit. Talk with you accountant immediately. You can refer them to this link which shows the bill. "The amendment made by this ...

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$1,800 Rebate for Maryland Residents

$1,800 Rebate for Maryland Residents

As of July 1 2014 a new rebate is in effect for Maryland Residents who install a closed loop geothermal systems. The previous rebate was $500 - the new one is $1,800. If you are a Maryland resident switching to geothermal be sure to ask your contractor about the new $1,800 rebate! To qualify the system much have an Energy Efficiency Ratio (EER) of 17.1 or higher and a Coefficient of Performance (COP) of 3.6 or higher. The majority of geothermal heat pumps far exceed these ratings. The revi ...

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New ClimateMaster Heat Pump Sets Record

New ClimateMaster Heat Pump Sets Record

Over 50 years ago, several geothermal heat pump brands came together under the single entity of ClimateMaster.  Throughout the ensuing years, ClimateMaster has continued to produce high quality geothermal heat pump and participated as an active leader in the industry.  One of their many contributions to the industry was their initiation of the legislation that led to the 30% tax credit now available for geothermal installations.  Just recently they have raised the bar again in the geother ...

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Geothermal Heat Pumps in the U.S. and Europe

Geothermal Heat Pumps in the U.S. and Europe

Already back in 1852 the concept of moving heat from a place of lower to higher temperature was invented and the first sketches of the heat pump were laid out. However, it wasn’t before a century later, an inventor with the name Robert Webber, coined the technology known as geothermal heat pumps (GHP). Since then, commercial popularity has increased tremendously. The technology has a worldwide annual growth of 10% - one of the fastest growing ways of harnessing renewable energy. Since geoth ...

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A Geothermal Community in Cape Cod

A Geothermal Community in Cape Cod

  Provincetown, MA has always been known as a place full of potential.  Located on the outermost tip of the stretch of Cape Cod, it was here where the Pilgrims decided to land and sign the Mayflower Compact in 1620.  In addition to its historic significance, it is also serving as a place full of potential and innovation in the geothermal industry.  Recently a team has come together to create a unique geothermal system design where a single loop field supplies a community of ten differ ...

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