Federal Renewable Energy Tax Credits Are Back!

The 30% federal tax credit for geothermal heat pumps in the residential sector and the 10% credit for qualifying commercial geothermal installations has been reinstated. They are also retroactive to cover any installations done since the last Federal Tax Credit sunset in December 2016. The tax credits will remain in effect until December 31, 2019, at which […]

VRF Air Source Heat Pumps Set to Capitalize on Geothermal’s Loss

Heat Pump Sales Volume By Country By 2020 As we have written previously, the Federal Renewable Energy Tax Credit for geothermal HVAC systems has sunset (as of 12/31/16). The 30% Federal Tax Credit for residential and 10% for commercial systems is now part of history, unless a Republican Congress and Executive branch happens to see […]

NY State Legislature Passes Geothermal Tax Credit

The New York State Assembly and Senate have passed the Geothermal Tax Credit bill A2177A (A2177A-2015). This bill allows for a 25% state income tax credit up to a maximum of $5000 for a new geothermal HVAC system. It now is before Governor Andrew Cuomo for signature and adoption or veto. Next up is NY […]

Consumer Beware – Geothermal Hacks Abound

Unfortunately, as this News 12 expose’ reveals, not all geothermal HVAC installers are looking out for their customers’ best interests.  Geothermal HVAC Installer Scams Consumers We have received a spate of phone calls from potential customers regarding the alleged unscrupulous activities of a competitor whose prices and promised incentives seemed to be too good to […]

IRS Deals Major Blow to Geothermal Market

Here in the northeast, the recent price erosion of natural gas due to hydrofracturing has made it more difficult to sell geothermal by ROI payback analysis alone. It was still a home run against oil comparisons when including the 30% Federal Renewable Energy Tax Credit. In a major blow to the industry, the IRS recently […]

New York State Poised to Make Geothermal Heat Pumps Tax Exempt

Press release from the Long Island Geothermal Energy Organization (LI-Geo.org): The New York State Senate and Assembly have proposed new legislation related to geothermal heating and cooling installations. On January 9, 2013, New York State Senator Maziarz introduced a bill to amend the tax law to exempt both sellers and purchasers of geothermal systems from […]

Hurricane Sandy and Energy Lessons Learned

Here I sit in an office with no power, phones, Internet or ROOF for the past 5 days, banging away on an iPad through a slow cellular hotspot to extol the virtues of hurricane preparedness. We saw it coming, but none of us really did anything about it. Now we are paying technicians to sit […]

Tough Heating Season Forecast in the Northeast for Oil Consumers

With home heating oil prices currently at $4.25 per gallon here on Long Island and a much colder season forecast ahead, this Newsday article predicts a difficult winter for those heating with fuel oil.  Two thirds of Long Islanders still heat their homes with oil and the majority of those would choose to convert to […]

The Election and the Fate of Renewable Energy Tax Credits.

A recent article in the New York Times echoed the death knell of the wind power industry as the result of both the new glut of shale gas and the sunset of wind turbine tax credits on December 31st. Of late, 10,000 wind turbine jobs have evaporated in an industry that relies on those credits […]

Variable Speed Compressors to Revolutionize Efficiency Standards

[youtube=http://www.youtube.com/watch?v=Z8UWQwQVxBE]Almost every manufacturer of HVAC equipment is currently scrambling to bring to market variable speed units with either Copeland or Danfoss inverter driven compressors.  Variable speed geothermal heat pumps being manufactured by WaterFurnace (7-Series) and Climatemaster (Trilogy 40) will purportedly reach previously unattainable efficiency levels and have COPs (Coefficient of Performance) between 6 and 7 […]

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