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What the Geothermal Heat Pump Industry Can Learn From the Solar Pros
While geothermal is the most efficient HVAC system to operate, it's a reliable and proven technology, provides solid financial returns, and directly decreases our country's use of imported oil, the solar photovoltaic industry has succeeded in being the fastest growing industry in the USA, according to SEIA, the solar energy industries association. Last year the solar industry grew by 67% compared to 30% for geothermal heat pump industry. The geothermal industry needs take its rightful place and make the investment and critical decisions needed to further increase growth of the industry.
A Guide to Geothermal Heat Pump (GHP) Investing, Part I
According to the Solar Energy Industry Association (SEIA), in 2010 solar was the fastest growing industry in the US, growing at 67%. The geothermal heat pump (GHP) industry still grew quickly compared to the whole economy, but it only grew at a modest 32% compared to solar.
According to Solar Buzz, at the end of 2009, the global solar market was $38.5 billion with the US installing nearly 8% solar, or $3.1 billion of the world market.