| Geothermal Drilling |
Homeade geo loop reel spool holder,
simple and makes job 100% easier.
simple and makes job 100% easier.
Geothermal News release !
The Stimulus Bill signed into law by the President on
February 17th has many provisions that recognize the
important contribution that the geothermal heat pump
industry can make to the nation's economic recovery.
Here is a partial list of the bill’s key elements:
Geothermal heat pump systems for residential
applications (new, retrofit, primary, and non-primary
residences) receive a 30% tax credit starting
January 1, 2009 through December 31, 2016. (The
$2,000 limit for the 2008 tax credit has been
removed for 2009 and later years.)
Federal facilities and military installations will receive
billions for energy upgrades, and geothermal heat pumps
will be an important component of those upgrades.
Each state will receive an average of $100 million to
upgrade energy efficiency in the state, the uses for
that money to be determined by each state, and
geothermal rebates and loans are a good use of those
funds.
Schools with receive billions for modernizing and
improving energy efficiency, another very good fit for
geothermal.
All commercial and private buildings are eligible for a 10%
grant in lieu of tax credit for the total cost of installing
geothermal systems, the check to be written from the
government to the building owner within 60 days of
completion.
Results of Stimulus Provisions
The 30% residential tax credit has the effect of
making geothermal systems cash flow positive at
today’s energy prices in virtually every market.
The federal, state, military and school initiatives will create
hundreds of large installations calling for hundreds of
geothermal heat pump units each, as well as geothermal
loop field work.
The commercial grants in lieu of 10% credits will
make geothermal heat pumps very attractive to new and
existing commercial enterprises in every market.
What You Can Do
The huge stimulus going to all 50 states will now require
renewed effort on the part of our industry to tell the
geothermal heat pump story in each of the 50 states to
assure the most effective use of the federal energy
efficiency funds they will be receiving.
The attached press release is available for your efforts to
promote GSHP technology.
PRESS RELEASE
February 22, 2009
Geothermal (GeoExchange) Heat Pump Technology is
Poised to Support Economic Recovery and Long-Term
Energy goals
The stimulus package is intended to create and save 3.6
million jobs and jumpstart the economy with economic
recovery tax cuts and targeted investments. In addition to
putting money back in the pockets of consumers and
businesses, the package also includes provisions that will
help achieve long-term goals, such as improving energy
efficiency in both the public and private sectors.
Among those provisions, the plan calls for a disbursement
of $6.9 billion to state and local governments for energy
efficiency upgrades and the reduction of carbon emissions,
which amounts to an average of $100 million to each state.
By investing a portion of this $100 million in rebates or
low interest loans to homeowners who replace their old
fossil fuel or electric furnaces with geothermal heat pumps,
the country would definitely make progress toward the
goals of the stimulus package. States that have invested in
similar programs were able to create hundreds of green
collar jobs while significantly increasing energy efficiency
and reducing carbon emissions.
Green Jobs. An additional state $2,000 rebate on the
purchase of a geothermal heat pump – or the availability
of low interest loans – could generate an additional 200
heat pump sales every month in a typical state, or 2,400
geothermal heat pump unit sales at the end of the first
year. Further, every 18 heat pump installations can create
one new job. By the end of the first year that means 133
new green collar jobs can be created (2,400 units divided
by 18 installations per job). At $2,000 per unit, the total
cost of a job creation/energy efficiency rebate program
would be $4.8 million over the course of a year.
Every geothermal heat pump requires 24 hours of
manufacturing labor and 32 hours of installation labor.
Small businesses involved in the installation include heating
and air conditioning contractors, electricians, plumbers,
excavators and drilling machine operators. These
businesses have the capacity and technical skills to begin
installing green geothermal technology in more homes
immediately.
Reduced Carbon Footprint. In addition to creating jobs, a
rebate program and the ensuing installation of geothermal
heat pumps would cut an average four metric tons of
carbon emissions per year per unit due to the high energy
efficiency of geothermal heat pump technology. This
means that for the average unit life of 24.4 years, 97.6
metric tons of emissions could be eliminated over the
lifetime of each unit, and 234,240 tons over the lifetime of
every 2,400 units sold through a state rebate program.
A recent report published by Oak Ridge National
Laboratory estimated that aggressive deployment of
GHPs could achieve 35 to 40 percent of a recommended
carbon reduction path for the U.S. building sector. The full
report can be downloaded at ornl232.geoexchange.org
If every state takes at least five percent of the funding
available through the energy efficiency portion of the
stimulus package and invests it in a geothermal heat pump
incentive, there couldn’t be a more cost effective,
greener way to put people back to work, save fossil fuel,
reduce carbon emissions and save homeowners thousands
of dollars per year for the next 24 years. It’s the
stimulus that keeps on stimulating.
Economic Recovery. The stimulus package funding is
critical to a U.S. heating and air conditioning industry that
has been hit hard by the recession. The collapse of the
residential new construction market and the lack of
consumer financing have slammed the industry over the
past two years, and heating system sales were down to
levels not seen since 1970.
Geothermal heat pumps are built by manufacturers in the
United States at domestic plants in nine states, and
geothermal heat pump systems are operating and saving
energy in all 50 states and are being exported around the
globe.
The federal government released $2.6 billion this
past week for the Energy Efficiency and
Conservation Block Grant Program, of which, Texas
received $46 million. Dallas received $13M, Fort
Worth got $6.7M, Arlington got $3.4M, Carrollton
received $1.1M, and on and on. The following link will
take you to a spreadsheet showing what each city and/or
county in Texas received. http://www.eecbg.energy.
gov/States/TX.xls
This is new money, doesn't have to get paid back and is
looking for a place to get spent. With returns far superior
to other renewable energy solutions, geothermal should be
at the head of the line of which each of you have a stake in
the success of or will soon.
This link provides more information about the program.
http://www.eecbg.energy.gov/
Generally, what can these funds be used for?
These funds are to assist State, local, territorial and Tribal
governments in implementing strategies to reduce fossil
fuel emissions, total energy use, and improve energy
efficiency in all sectors.
What geothermal specific activities are eligible for
use of funds?
Funds can be used community wide, not only for
government owned facilities and infrastructure. A list of
eligible activities for use of program funds is provided in
Section 544, Title V, Subtitle E of the Energy
Independence and Security Act (EISA). Additional details
on eligible activities are in the Funding Opportunity
Announcement. The following activities are eligible:
Development of an Energy Efficiency and Conservation
Strategy and Technical Consultant Services to assist in the
development of such a strategy.
Residential and Commercial Building Energy Audits.
Financial Incentive Programs and Mechanisms for energy
efficiency improvements such as energy savings
performance contracting, on-bill financing, and revolving
loan funds.
Grants to nonprofit organizations and governmental
agencies for the purpose of performing Energy Efficiency
Retrofits.
Energy Efficiency and Conservation Programs for
Buildings and Facilities.
Development and Implementation of Transportation
Programs to conserve energy.
Building Codes and Inspections to promote building
energy efficiency.
Energy Distribution Technologies that significantly increase
energy efficiency, including distributed resources,
combined heat and power, and district heating and cooling
systems.
Material Conservation Programs including source
reduction, recycling, and recycled content procurement
programs that lead to increases in energy efficiency.
Reduction and Capture of Methane and Greenhouse
Gases generated by landfills or similar waste-related
sources.
Energy efficient Traffic Signals and Street Lighting.
Renewable Energy Technologies on Government
Buildings.
Any Other Appropriate Activity that meets the purposes
of the program and is approved by DOE.
The Stimulus Bill signed into law by the President on
February 17th has many provisions that recognize the
important contribution that the geothermal heat pump
industry can make to the nation's economic recovery.
Here is a partial list of the bill’s key elements:
Geothermal heat pump systems for residential
applications (new, retrofit, primary, and non-primary
residences) receive a 30% tax credit starting
January 1, 2009 through December 31, 2016. (The
$2,000 limit for the 2008 tax credit has been
removed for 2009 and later years.)
Federal facilities and military installations will receive
billions for energy upgrades, and geothermal heat pumps
will be an important component of those upgrades.
Each state will receive an average of $100 million to
upgrade energy efficiency in the state, the uses for
that money to be determined by each state, and
geothermal rebates and loans are a good use of those
funds.
Schools with receive billions for modernizing and
improving energy efficiency, another very good fit for
geothermal.
All commercial and private buildings are eligible for a 10%
grant in lieu of tax credit for the total cost of installing
geothermal systems, the check to be written from the
government to the building owner within 60 days of
completion.
Results of Stimulus Provisions
The 30% residential tax credit has the effect of
making geothermal systems cash flow positive at
today’s energy prices in virtually every market.
The federal, state, military and school initiatives will create
hundreds of large installations calling for hundreds of
geothermal heat pump units each, as well as geothermal
loop field work.
The commercial grants in lieu of 10% credits will
make geothermal heat pumps very attractive to new and
existing commercial enterprises in every market.
What You Can Do
The huge stimulus going to all 50 states will now require
renewed effort on the part of our industry to tell the
geothermal heat pump story in each of the 50 states to
assure the most effective use of the federal energy
efficiency funds they will be receiving.
The attached press release is available for your efforts to
promote GSHP technology.
PRESS RELEASE
February 22, 2009
Geothermal (GeoExchange) Heat Pump Technology is
Poised to Support Economic Recovery and Long-Term
Energy goals
The stimulus package is intended to create and save 3.6
million jobs and jumpstart the economy with economic
recovery tax cuts and targeted investments. In addition to
putting money back in the pockets of consumers and
businesses, the package also includes provisions that will
help achieve long-term goals, such as improving energy
efficiency in both the public and private sectors.
Among those provisions, the plan calls for a disbursement
of $6.9 billion to state and local governments for energy
efficiency upgrades and the reduction of carbon emissions,
which amounts to an average of $100 million to each state.
By investing a portion of this $100 million in rebates or
low interest loans to homeowners who replace their old
fossil fuel or electric furnaces with geothermal heat pumps,
the country would definitely make progress toward the
goals of the stimulus package. States that have invested in
similar programs were able to create hundreds of green
collar jobs while significantly increasing energy efficiency
and reducing carbon emissions.
Green Jobs. An additional state $2,000 rebate on the
purchase of a geothermal heat pump – or the availability
of low interest loans – could generate an additional 200
heat pump sales every month in a typical state, or 2,400
geothermal heat pump unit sales at the end of the first
year. Further, every 18 heat pump installations can create
one new job. By the end of the first year that means 133
new green collar jobs can be created (2,400 units divided
by 18 installations per job). At $2,000 per unit, the total
cost of a job creation/energy efficiency rebate program
would be $4.8 million over the course of a year.
Every geothermal heat pump requires 24 hours of
manufacturing labor and 32 hours of installation labor.
Small businesses involved in the installation include heating
and air conditioning contractors, electricians, plumbers,
excavators and drilling machine operators. These
businesses have the capacity and technical skills to begin
installing green geothermal technology in more homes
immediately.
Reduced Carbon Footprint. In addition to creating jobs, a
rebate program and the ensuing installation of geothermal
heat pumps would cut an average four metric tons of
carbon emissions per year per unit due to the high energy
efficiency of geothermal heat pump technology. This
means that for the average unit life of 24.4 years, 97.6
metric tons of emissions could be eliminated over the
lifetime of each unit, and 234,240 tons over the lifetime of
every 2,400 units sold through a state rebate program.
A recent report published by Oak Ridge National
Laboratory estimated that aggressive deployment of
GHPs could achieve 35 to 40 percent of a recommended
carbon reduction path for the U.S. building sector. The full
report can be downloaded at ornl232.geoexchange.org
If every state takes at least five percent of the funding
available through the energy efficiency portion of the
stimulus package and invests it in a geothermal heat pump
incentive, there couldn’t be a more cost effective,
greener way to put people back to work, save fossil fuel,
reduce carbon emissions and save homeowners thousands
of dollars per year for the next 24 years. It’s the
stimulus that keeps on stimulating.
Economic Recovery. The stimulus package funding is
critical to a U.S. heating and air conditioning industry that
has been hit hard by the recession. The collapse of the
residential new construction market and the lack of
consumer financing have slammed the industry over the
past two years, and heating system sales were down to
levels not seen since 1970.
Geothermal heat pumps are built by manufacturers in the
United States at domestic plants in nine states, and
geothermal heat pump systems are operating and saving
energy in all 50 states and are being exported around the
globe.
The federal government released $2.6 billion this
past week for the Energy Efficiency and
Conservation Block Grant Program, of which, Texas
received $46 million. Dallas received $13M, Fort
Worth got $6.7M, Arlington got $3.4M, Carrollton
received $1.1M, and on and on. The following link will
take you to a spreadsheet showing what each city and/or
county in Texas received. http://www.eecbg.energy.
gov/States/TX.xls
This is new money, doesn't have to get paid back and is
looking for a place to get spent. With returns far superior
to other renewable energy solutions, geothermal should be
at the head of the line of which each of you have a stake in
the success of or will soon.
This link provides more information about the program.
http://www.eecbg.energy.gov/
Generally, what can these funds be used for?
These funds are to assist State, local, territorial and Tribal
governments in implementing strategies to reduce fossil
fuel emissions, total energy use, and improve energy
efficiency in all sectors.
What geothermal specific activities are eligible for
use of funds?
Funds can be used community wide, not only for
government owned facilities and infrastructure. A list of
eligible activities for use of program funds is provided in
Section 544, Title V, Subtitle E of the Energy
Independence and Security Act (EISA). Additional details
on eligible activities are in the Funding Opportunity
Announcement. The following activities are eligible:
Development of an Energy Efficiency and Conservation
Strategy and Technical Consultant Services to assist in the
development of such a strategy.
Residential and Commercial Building Energy Audits.
Financial Incentive Programs and Mechanisms for energy
efficiency improvements such as energy savings
performance contracting, on-bill financing, and revolving
loan funds.
Grants to nonprofit organizations and governmental
agencies for the purpose of performing Energy Efficiency
Retrofits.
Energy Efficiency and Conservation Programs for
Buildings and Facilities.
Development and Implementation of Transportation
Programs to conserve energy.
Building Codes and Inspections to promote building
energy efficiency.
Energy Distribution Technologies that significantly increase
energy efficiency, including distributed resources,
combined heat and power, and district heating and cooling
systems.
Material Conservation Programs including source
reduction, recycling, and recycled content procurement
programs that lead to increases in energy efficiency.
Reduction and Capture of Methane and Greenhouse
Gases generated by landfills or similar waste-related
sources.
Energy efficient Traffic Signals and Street Lighting.
Renewable Energy Technologies on Government
Buildings.
Any Other Appropriate Activity that meets the purposes
of the program and is approved by DOE.
R77 Magnum drilling Rig
Drilling clay & shale
Drilling clay & shale
R77 Magnum drilling Rig
Drilling hard limestone
Drilling hard limestone
A/C & Heat contractors & Drilling Rigs !
Selling geothermal jobs is easy, the problem is getting
the over booked, don't need the money well drillers to
show up on your geothermal jobs on time. Nothing like
have a 40k to 80k geothermal job lost, because the
driller rescheduled to many times. Put yourself in the
drivers seat, Drill your own geothermal holes, keep
the extra profit, plus have the competive edge . The
R77 is portable, gets in tight places.
Selling geothermal jobs is easy, the problem is getting
the over booked, don't need the money well drillers to
show up on your geothermal jobs on time. Nothing like
have a 40k to 80k geothermal job lost, because the
driller rescheduled to many times. Put yourself in the
drivers seat, Drill your own geothermal holes, keep
the extra profit, plus have the competive edge . The
R77 is portable, gets in tight places.
Grout pump onboard
R77 Magnum
R77 Magnum
10K rated , large water course
swivel
swivel
Geothermal circulating pumps
Ground loop manifold where they
enter house.
enter house.
