Archive for the ‘Geothermal heating and cooling’ Category

How to choose a contractor

Tuesday, August 24th, 2010

You want geothermal heating and cooling system for your home. We have discussed a few options for financing in our previous post. But, how do you get the best value for your money? The answer of course is to find the most experienced, trustworthy contractor in your area. Remember, these are the people that you will rely on for years to come in servicing your system and keeping it running at its most efficient.

You will need an HVAC dealer to size and install your geothermal heat pump on the inside of your home. You will also need a quality geothermal loop installer to do the outside work and bring the piping in to your furnace.

Some important things to consider in choosing the right contractor:

•   The United States Dept of Energy states “because of the technical knowledge and equipment needed to properly install the piping of a geothermal heat pump system, installation is not a do it yourself project.

•  Don’t assume that all installers do work of equal quality.

•   Make sure your furnace installer has done a thorough heat/loss calculation on your home. This will take into consideration all factors –home location, number of windows, number of doors, depth of insulation, and other factors in determining the size furnace and loop field you will need.

•  Quality HVAC dealers run a detailed, computerized heat/loss program to determine size of loop and furnace that will most efficiently run in your home. If your HVAC dealer says “I can eyeball that” or “from my experience I believe your house needs a 4 ton” –Run away…far, far, away!Demand a quality loop contractor. Most loop contractors sub out to the homeowner or HVAC dealer and it can be your decision which loop contractor you would like to employ.

•  Check both the HVAC and Loop Contractor’s qualifications (IGSHPA – International Ground Source Heat Pump Association) and affiliations. Years in business, years in geo, number of installations, and customer testimonials are also very important.

•  Don’t be afraid to ask questions. Most loop contractors are a wealth of information. Take a little time to do research online, jot down some notes and then spend time getting comfortable with your installer.Consider using Yoder Geothermal for your loop installation if you live in Ohio, WV, or western PA. They come highly recommended as professional and knowledgeable in the geothermal industry and have installed more than 5000 geothermal loop systems.

Hope these suggestions are helpful. You’ll be glad you did your “homework” as you enjoy a new, properly sized and installed, efficiently running, geothermal heating and cooling system.

Enjoy the rest of the summer!
Becky

I want a geothermal system but how do I pay for it?

Tuesday, July 13th, 2010

We have discussed the many pros of heating/cooling your new or existing home with a geothermal heat pump system. You have probably found by now that geothermal will save you lots of money on your heating and cooling bills in the long run, even enough to pay for itself. These facts however, do not help in coming up with the money for a system. Here are a few things to consider.
1. Paying cash up front is always the best. This allows you the immediate comfort of a geothermal heating and cooling system. For most of us, cash is not an option and considering financing is the next step.
2. A home equity loan or adding to your existing home equity loan is the most popular way to pay for your geothermal system. Adding a green energy system to your home often adds value in addition to the monthly savings you enjoy.
3. When deciding if now is the time to purchase your geothermal heating /cooling system, take into account how long you plan to stay in your existing home . Also important is the age of your current furnace system. It may be time to switch out your gas/oil furnace in the near future anyway.
4. Consider an “Energy Efficient Mortgage” or EEM if buying or refinancing you home. According to the energystar.gov website, EEMs give borrowers the opportunity to finance cost-effective, energy-saving measures as part of a single mortgage and stretch debt-to-income qualifying ratios on loans thereby allowing borrowers to qualify for a larger loan amount and a better, more energy-efficient home. Learn more at http://www.energystar.gov/ia/partners/bldrs_lenders_raters/EEM_Fact_Sheet.pdf
5. Furnace Manufacturers may offer financing for part or all of the project. Be sure to choose a reputable HVAC dealer and loop installer
6. The best financial reason to install geothermal continues to be that 30% of your investment will be returned on your taxes!

Enjoying the comfort and savings of a geothermal system may be only a few creative financing decisions away. Good Luck!

Becky

Unprecedented Tax Credits—Money in your pocket!!

Wednesday, June 9th, 2010

These are exciting times my friends. If you have been thinking of greening up your heating system and making it more efficient, this scenario is just too good to pass up.

The tax credit cap was lifted on Geothermal Heating and Cooling Systems and their loops for the first time in history. Because of the American Recovery and Reinvestment Act of 2009 Geothermal systems can receive a 30% tax credit if placed in service before December 31, 2016. Previously the geothermal tax credit had been limited to $2000.

This is a real tax credit not a deduction. A tax credit reduces tax owed dollar-for-dollar –while a tax deduction only removes a percentage of that owed tax. There has never been a better time to invest in Geothermal Heating and Cooling Technology.

An investment is the only way we can describe this particular scenario. Geothermal Heating and Cooling Systems achieve Energy Efficiency Ratings in the 30’s. When you consider the return on investment in energy savings (up to 50% or more) coupled with geothermal tax incentives, you cannot afford to put your money anywhere else!

Join us as in our future posts we explore the world of geothermal heating and cooling and how homeowners can make this green technology work for them. For more than 15 years we’ve been installing geothermal loop and we are VERY excited about the future.

30% Federal Tax Credit Available until 2016

Wednesday, January 13th, 2010

Yes, you heard right!  The 30% geothermal federal tax credit for installation of a system does not end until December 31, 2016.

The Emergency Economic Stabilization Act of 2008,  signed into law October 3, 2008 created a tax credit for the installation of a geothermal heat pump system in new or existing homes.  The American Recovery and Reinvestment Act of 2009 expanded this credit by removing a $2000 cap for qualified installations placed into service beginning January 1, 2009.

Be sure to take advantage of this credit when installing your geothermal system.  It’s easy to claim.  Just use IRS Form 5695 when you file your taxes.

Form 5695 is also used for claiming residential energy credits for other home improvements like insulation, exterior windows and doors, and roofing.

With a full 30% tax credit, there’s no better time than now to check out the benefits of geothermal heating and cooling for your home.