As fuel prices continue to rise, your clients are probably becoming more aware of alternate ways to heat and cool their homes. If you’re looking for a way to diversify into “greener” technologies, Connecticut Wells can help make this happen.
Connecticut Wells works with architects and engineers by offering conductivity testing and test wells to determine an area’s performance and feasibility for geothermal energy.
Whether it’s a small house needing two or three wells or a larger commercial project requiring 50 to 60 wells, Connecticut Wells can provide all the exterior service needed for your geothermal heating and cooling system projects.
As a leader in geothermal drilling throughout New England and eastern New York, Connecticut Wells has extensive experience in installing geothermal heating and cooling systems. We are also certified with the International Ground Source Heat Pump Association (IGSHPA) and the National Ground Water Association (NGWA).
Advantages of Using Geothermal in Your Design
- “Green” technology: smaller carbon footprint, eliminates fossil fuel usage
- Leadership in Energy and Environmental Design (LEED) credits
- New York State Energy Research and Development Authority (NYSERDA) credits (in New York)
Ground Source Heat Pumps (GSHPs)
Endorsed by the Department of Energy and the Environmental Protection Agency, GSHPs are a cost-effective, energy-efficient and environmentally friendly way of heating and cooling buildings. GSHPs reliably deliver quality air conditioning and heating, on demand, in every season. GSHPs are appropriate for new construction as well as retrofits of older buildings, and their flexible design requirements make them a good choice for almost any commercial property, including schools, high-rises, government buildings, apartments, and restaurants.
- lower operating and maintenance costs
- durability – pipes have a 50-year life expectancy, while ground heat exchangers are maintenance-free and typically last 40-plus years
- energy conservation
- flexibility – GSHPs can simultaneously heat and cool different parts of the same building
- very quiet – users do not know when the system is operating
- greater freedom in building design – GSHPs take up 50-80% less mechanical room space than traditional heading/cooling systems
- no outside equipment to hide, eliminating vandalism and roof top units
- all electric, which eliminates multiple utility services
- competitive on initial costs
- lower lifecycle costs than most HVAC systems
- savings of 25-50% on energy consumption
- lower peak demand, which lowers operating costs
- water is heated with waste heat from air conditioning at no cost in the summer and at a substantial savings in the winter
conserve natural resources by providing efficient climate control, which lowers emissions
minimize ozone layer destruction by using sealed refrigeration systems, which seldom or never have to be recharged
use underground loops to transfer heat, with no external venting and no air pollution
very energy-efficient, with the earth providing more than 70% of the energy required to heat and cool
New Tax Incentives for Geothermal Systems
Connecticut Wells has some great news regarding incentives to install geothermal systems in homes and commercial buildings.
The Emergency Economic Stabilization Act of 2008, H.R. 1424, which became law on October 3rd, contains long-term tax incentives to encourage the use of renewable energy technologies in homes and businesses. The bill includes geothermal heat pumps in these incentives. The bill also extends existing tax incentives for homes and commercial buildings that support the installation of highly-efficient heating, cooling, and water heating systems, such as geothermal heat pumps.
By classifying geothermal heat pumps under federal renewable energy provisions with solar and wind, Congress has recognized the crucial role this 50-state technology can play in reshaping our energy future.
The specific provisions of the bill that directly or indirectly support geothermal heat pumps are:
- Long-term Extension of Energy Credit: The bill provides a new 10% investment tax credit for combined heat and power systems and geothermal heat pumps. The bill extends these credits through 2016.
- The bill adds residential geothermal heat pumps, capped at $2,000, as qualifying property. The bill extends these credits through 2016 and allows them to be used to offset the AMT.
- Extension of Energy-Efficient Buildings Deduction. Current law allows taxpayers to deduct the cost of energy-efficient property installed in commercial buildings. The amount deductible is up to $1.80 per square foot of building floor area for buildings achieving a 50% energy savings target. The energy savings must be accomplished through energy and power cost reductions for the building’s heating, cooling, ventilation, hot water, and interior lighting systems. This bill extends the energy efficient commercial buildings deduction for five years, through December 31, 2013.
- Extension of Credit for Energy-Efficiency Improvements to New Homes. Undercurrent law, contractors receive a credit for the construction of energy-efficient new homes that achieve a 30% or 50% reduction in heating and cooling energy consumption relative to a comparable dwelling. The credit equals $1,000 for homes meeting a 30% efficiency standard, $2,000 for homes meeting a 50% standard. The bill extends the new energy efficient home tax credit through 2009.