WASHINGTON — The U.S. Department of Energy (DOE) announced that it will offer nearly $50 million in funds from the American Reinvestment and Recovery Act to accelerate the deployment of geothermal heat pumps (GHPs). Also referred to as ground-source heat pumps, GHPs generally achieve higher efficiencies than air-source heat pumps, because the ground maintains a relatively stable temperature throughout the year, even during heat waves and extreme cold snaps. They can provide space heating and cooling and water heating for residential and commercial buildings. According to the DOE, GHPs can substantially reduce the electricity demand for buildings, providing building owners and residents with lower utility bills and reduced maintenance costs.
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