30% Geothermal Tax Credit

The residential Federal government tax credit went into effect February 2009 and covers all Geothermal systems installed until December 31, 2016. The heat pump must meet all federal Energy Star program requirements in effect at the time the installation is completed. The tax credit allows for homeowners to receive multiple credits for secondary homes as well. The property where the heat pump is install does not have to be your primary residence. Included expenditures are: labor costs, onsite preparation, assembly, original system installation...

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Geothermal Success in Iceland

Geothermal energy has been a huge success in Iceland.  The environment of Iceland is perfect for producing this type of energy.  Iceland’s many volcanoes heat the ground and pavement during the winter months producing the perfect environment for geothermal energy.  Geothermal energy is one of Iceland’s greatest natural resources and has been enjoyed for more than 60 years. Currently, 87% of all the buildings in Iceland use geothermal energy for their heating and hot water needs.  The Geothermal energy is used for homes,...

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Why should I upgrade to a Geothermal Heat Pump?

Why should I upgrade to a Geothermal Heat Pump?

You have a lot of choices when it comes to providing for your home’s heating, ventilating and air conditioning systems. There are a seemingly endless variety of air conditioners, gas furnaces, dual fuel systems, packaged units and more that all offer energy savings, environmental friendliness and enough heating or cooling to get you through the rough seasons. Chances are you’ve heard something about geothermal heat pumps, but are the claims really true? Are these units the best buy the manufacturers claim? They are. Geothermal...

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How much will a ground loop geothermal heat pump installation cost?

How much will a ground loop geothermal heat pump installation cost?

You probably are already aware that geothermal heat pumps consume less energy and provide the same level of air comfort as traditional heating and cooling systems. And, well, if you didn’t, then you do now. What you might also know is that, unfortunately, geothermal heat pumps cost more to install. These installation costs can vary widely depending upon the type of geothermal heat pump being used, but all of them are more expensive than a traditional system. If you don’t live near a large enough body of water for a lake or open...

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What will a geothermal heat pump lake loop installation cost you?

What will a geothermal heat pump lake loop installation cost you?

Geothermal heat pumps are becoming more and more popular and every year thousands are installed in the United States alone. The attraction is obvious, since geothermal heat pumps can cut energy bills in half in some cases and provide year round heating and cooling without the need for separate units. Consumers interested in installation of a geothermal heat pump likely have many questions about what it is going to cost them and which kind they should get. Unfortunately, it does cost more to install a geothermal heat pump due to the...

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How expensive is geothermal heat pump installation?

How expensive is geothermal heat pump installation?

The fact of the matter is that any kind of geothermal heat pump is more energy efficient and therefore less expensive to operate each month than traditional heating and cooling systems. Regular heat pumps reduce energy usage by diverting heat from one location to another. This method works well, but it loses efficiency as temperature fluctuates in the environment. Geothermal heat pumps circumvent this problem by using the much more stable temperature found beneath the surface of the earth. Given the energy efficiencies involved there...

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