Utility Ground Loop Service Model Transforms Geothermal Heating and Cooling Costs
Geothermal heat pump systems can save 30 to 50 percent in heating and cooling costs. But the initial costs for installing the geothermal ground loop have been a stumbling block the industry has struggled with for years. The U.S. federal tax credits are designed to offset this to some extent, but it still requires investment by the homeowner or home developer. However, a new approach to financing the ground loops has made it easier for new communities to adopt geothermal heating and cooling.