Geothermal energy has been used to heat and air condition buildings for more than two decades now. The technology is sound, and the savings is proven. Ricotta Heating & Air has installed many new systems to homeowners from Godfrey to Fetus. If you have heard the buzz and would like to know more about how geothermal systems work – here’s a primer – including important federal tax credit information.
What many people don’t realize is that, despite fluctuations in seasonal temperatures, the temperature below ground stays fairly consistent all year. Geothermal heat pump technology is used by tapping the energy in the earth’s surface to drive residential or commercial heating and air conditioning systems. This technology is then used to provide your home or office with central heating and cooling. The system saves energy and benefits the environment.
During the heating cycle, a geothermal heat pump uses an underground ‘earth loop’ to extract heat from the ground. As the system pulls heat from the loop it distributes it through a conventional duct system as warm air. The same heat energy can also be used for a radiant floor system or domestic hot water heating.
Expanded Geothermal Tax Credits: Homeowners who install qualifying geothermal heat pump systems can claim a federal tax credit of 30% of the installed costs. This credit must be claimed during the year the system is placed into service, from January 1, 2009 to expires December 31, 2016.