For those who attended the 21st annual International Ground Source Heat Pump Association (IGSHPA) conference in Nashville, Tenn., Oct. 1-2, news accounts of the energy credits tied to the Emergency Economic Stabilization Act of 2008 were the best news for the industry in years.
a non-profit member-driven association based on the Oklahoma State University campus in Stillwater, Okla., has been working to promote
ground-source heat pump technology for 21 years, since Jim Bose, OSU professor
and director of the group, revived the technology in the 1980s. “It is really
important to us, because it is the first time that we are being tied to
renewable energy,” Bose says. “It opens up tax incentives and credits we have
of the Nashville conference included nearly
600 engineers, architects, builders, HVAC installation experts, manufacturers
of pipe, GHP units, pumps, drilling rigs and others involved in the expanding
geothermal heat pump realm. International IGSHPA members also were in
attendance from Greece, Romania, China, Canada and other countries.
in three classes offered to installers, drillers and system designers packed
out the rooms as attendees sought accreditation and training in the industry.
renewable energy incentives recently approved now will allow for up to a $2,000
tax credit for homeowners who have installed in 2008 or will install geothermal
heat pumps through 2016. The Long-term Extension and Modification of the
Residential Energy-Efficient Property Credit also includes provisions for solar
and small wind investments. It is the first federal tax incentive garnered by
the geothermal heat pump industry for homeowners.
More information about the technology, available training
and accredited installation sources can be found at the International Ground
Source Heat Pump Association Web site at www.igshpa.okstate.edu.