Geothermal Exchange Organization Offers Solution to Volatile Heating Prices


| 2/14/2014 2:49:00 PM


Tags: Geothermal Exchange Organization, heat pumps, energy efficiency,

GEO Exhange Org

There’s nothing like a crisis to increase awareness, especially when that crisis is COLD. This winter has unleashed brutally frigid temperatures on citizens around the country, teaching all of us some hard lessons about reliable and affordable heat for our homes. For those suffering cold and shortages of high-priced fuels under the brunt of the Polar Vortex, there is an alternative—geothermal heat pumps.

“We’re working with government at all levels to increase their awareness of the cost-effective benefits our technology offers,” says Doug Dougherty, President and CEO of the industry’s leading trade group, the Geothermal Exchange Organization (GEO).

Bitter sub-zero temperatures across the eastern United States this winter have set new records—not only on thermometers, but for the price of propane and natural gas. Indeed, some rural areas have reported propane deliveries of up to $5 and even $8 per gallon. At the same time, natural gas has spiked from its recent low prices of $3 to $4 per thousand cubic feet up to $14!

For homeowners this means skyrocketing heating costs, and even the potential nightmare of restricted deliveries during a deep freeze as distribution is limited to “essential services” when supplies dwindle. Such threats to the safety and well-being of millions of Americans have become synonymous with the historic winter of 2013-14.

As nasty winter weather escalates the volatility of gas and propane prices, it also cries for a cost-effective alternative. One that people everywhere can rely on to keep their homes snug and warm, and one that will tame soaring monthly energy costs. “That alternative is geothermal energy, stored by Nature in the earth beneath your yard,” says Dougherty.




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