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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Geothermal Makes Apartments More Affordable

Geothermal Makes Apartments More Affordable

Howdy, folks! Hope you're having a fabulous weekend! Thus far (on our Geothermal Heating and Cooling blog), we've discussed how geoexchange systems can be implemented in a variety of building and structure types. We've looked at geothermal in schools, geothermal sidewalks, greenhouse geothermal, and (of course) your run-of-the-mill heat pump in a home. That's the great thing about geo - it's versatile! So where else are geothermal heat pumps being utilized? If you guessed 'geothermal apartments' ...

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Geothermal Heating in North America

Geothermal Heating in North America

While citizens of Switzerland and Sweden wallow in their plentiful demand of geothermal heating and cooling, the countries of North America have fallen grossly behind.  Consider this:  While in excess of 75% of homes in these two adapting countries are heated and cooled by use of geoexchange, the United States and Canada boast an entire 1% of homeowners who utilize geothermal technology.  One percent!  Unreal, isn't it?  Actually, no, it isn't unreal.  These statistics are very real, and p ...

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Bosch Thermotechnology Innovates Geothermal Industry with First Ever TV Commercial

Bosch Thermotechnology Innovates Geothermal Industry with First Ever TV Commercial

In early May, Bosch Thermotechnology North America, a front-running manufacturer of quality HVAC units and systems, announced that it would rebrand its FHP geothermal line with the Bosch name and logo. Bosch geothermal heating and cooling systems is the result. The goal of this merger, to paraphrase the comments of Bosch CEO, Ervin Cash, was to take advantage of the expertise of both FHP and Bosch geothermal heat pump manufacturers, while adding another substantial piece to the Bosch puzzle. Bos ...

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