Geothermal Heat Pump Manufacturing Activities 2007

This Report by the Department of Energy, Energy Information Administration finds that for the past four years, the U.S. Geothermal Heat Pump (GHP) industry has seen double digit growth each year, fueled in part by the soaring energy prices for traditional fuels as well as the desire for reliable and clean energy alternatives. In 2007, total geothermal heat pump shipments surged 36 percent to 86,396 units, while capacity shipped rose 19 percent to 291,300 tons.

While 2007 capacity growth was substantial, it was below growth in 2006, which was 53 percent. Total rated capacity of geothermal heat pumps shipped in 2006 was 245,603 tons, compared to 160,402 tons in 2005 (Table 4.2 and Figure 4.1). Despite costing more initially than traditional heating and cooling systems, the high efficiency and ongoing cost-saving potential of GHP has resulted in GHP becoming the heating and cooling system of choice for many consumers.