Can I Stack Grants to Reduce the Cost of My Geothermal Project?
It depends on the grants/programs themselves.
It depends on the grants/programs themselves.
Some claims are pretty wild. You’ve heard them. Eat these gummy candies and shed pounds overnight. Wear these athletic shoes and tone your bum by 40%. Eliminate all allergies with this baby formula.
Then there’s the claim in the HVAC world that ground source (geothermal) heat pumps deliver comfort with 400% efficiency. Whoa … fact or fiction?
Upgrading existing home heating and cooling systems to ground source heat pump (GSHP) affirms the adage “there’s power in numbers.” Potentially how much power?
If you have solar panels, you might wonder how the upcoming total solar eclipse on April 8, 2024, will affect them. During the eclipse, energy generation is expected to decrease.
Areas within the “zone of totality” will experience complete darkness, while areas near and far from that zone will experience a partial loss of sunlight. Although totality lasts only four minutes, the transition in and out of the eclipse could last several hours in some places. This means there could be a much more extended period of reduced solar generation.
While a solar eclipse temporarily impacts solar production, it doesn’t raise concerns about the reliability of solar energy. Eclipses’ predictability gives energy providers and users plenty of time to prepare, and the gradual transition into and out of an eclipse allows for adjustments to be made seamlessly.
Call it what you will—a retail jungle, a product avalanche, an option overload. For homeowners having to make informed choices about big-ticket items like windows and roofs, shopping is just plain exhausting.
If you’ve decided to upgrade from gas-forced air HVAC to geothermal heating and cooling, you can expect to enjoy immediate monthly savings. You can also expect some changes in routine maintenance, but not everything will change. Here’s an overview.
There’s no getting around it: Installing a geothermal system involves digging that disrupts your yard. The good news? With thoughtful landscaping, you can restore your green haven so that passersby for decades to come will never suspect what lies beneath.
Elective pay, also known as direct pay, is a program that allows entities to receive a tax-free cash payment if they meet the requirements for elective pay and the underlying Inflation Reduction Act (IRA) tax credit. In simpler terms, for individuals wanting to take advantage of the tax credit for geothermal or other qualified renewable energy projects, if they don’t qualify for elective pay, their credit goes toward what they owe on their annual tax return. With elective pay, qualifying entities will instead receive credit in cash so they can continue their positive societal impact. This is a significant development for the ground source heat pump (geothermal) industry and organizations interested in utilizing elective/direct pay.
Here’s a recipe for discomfort: One multi-level historic home plus tall windows and ceilings, plus a sunroom, plus seldom-used guestrooms.