Geothermal

The time is NOW.

Incentives.

What makes Geothermal so Efficient?

The efficiency of heating systems is measured by a C.O.P. (Coefficient Of Performance), which is the amount of heat you get for every dollar spent.

For example, the C.O.P. of electric heat is one. For every dollar you spend you get $1.00 worth of heat (1:1) The C.O.P. for a ‘high-efficiency’ gas furnace is .9. That means for every dollar spent on gas, $.90 of the dollar goes into heating the building while ten cents goes up the chimney. (1: .9) With Geothermal heat pump the C.O.P. is 3.5. For every dollar spent you get $3.50 worth of heat. (1: 3.5)

To heat or cool, Geothermal systems move energy from the earth into the building or from the building to the earth. Typically, for every dollar spent in a heating/cooling system, 70% goes to create the heat (i.e. by burning natural gas) and 30% goes to moving the heat throughout the building with the use of fans, pumps and blower units.

Federal Government

30% Income Tax Credit on Total Project Cost

LIPA Rebate

 

- Residential: $1000 per unit