Up to $5,000 in incentives will be provided to homeowners through the program for energy-efficient home upgrades, including geothermal.
NB Power has included geothermal heat pump technology among a range of energy efficiency and renewable energy incentives.
The news was welcomed by the Canadian GeoExchange Coalition (CGC), an industry association for renewable heat pump technology.
“This type of program is critically important to advanced renewable-and-energy-efficiency technology like ours,” said Ted Kantrowitz, CGC CEO. “GeoExchange technology has one of its longest-running and largest Canadian manufacturers in Petit-Codiac, NB and many New Brunswickers have proven what an effective decarbonisation tool the GeoExchange investment can be.”
In order to receive the incentive for installation of a geothermal heat pump system through the new program, energy audits must be conducted, ENERGY STAR-certified heat pumps must be specified and systems must earn CGC System Certification. www.geoexchange.ca
