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"That market is increasing and actually increasing very, very quickly right now," said Stanley Reitsma, president of the Ontario Geothermal Association.
Builders now have an alternative to paying the upfront infrastructure cost themselves — third parties such as FortisBC Alternative Energy Systems and Toronto-based Diverso Energy will build and operate the borefield, then charge a monthly or annual service fee over decades to the condo owners. This way, "the developer gets to offload the risk and the costs associated with geothermal," said Jon Mesquita, Diverso Energy's chief operating officer. In B.C., such utilities are regulated and there are regulatory incentives for signing up with them.
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Here's an interesting article published by the CBC on "Why geothermal is a hot trend in new condos."
We want to thank Stacy for her Google review. Stacy said the following...
"Great tour of the facility, learned a lot about geothermal, modulating furnaces, costs, maintenance, and more."
Looking for an HVAC company to work with? Call Waterloo Energy Products now at (519) 648-9977 for a quote.
A new generation of condominium buildings is being designed with a focus on reduced carbon footprints.
Collecdev is implementing geothermal energy systems in new condos. A new generation of condominium buildings is being designed with a focus on reduced carbon footprints and long-term savings for residents. Two GTA condo developments are under construction with geothermal energy systems, and another soon to begin. This is great news! What do you think? Check out the entire article here.
https://bit.ly/2XJuWtB
GOOGLE REVIEWS & MORE
Our central air conditioning unit died on us during that heatwave. I called Waterloo Energy Products for help, and they arranged to see us the next day. The service technician arrived on time and was very polite. Our air conditione...
I have got system installed for my new house. It was a long and fairly complicated project. Nothing always goes perfect at the construction and mine was not an exception. Waterloo Energy turned out to be ready for the challenge thou...
We hired Waterloo Energy because of a referral from our neighbours who had them install a geothermal system in their home about 5 years ago. It went smoothly, and we love the fact that we no longer use natural gas to heat our new ho...
Waterloo Energy installed a Geothermal unit at my office. They came when they said they would, and the installation was completed in a few days. The price was competitive, and completed at that price with no surprises. As a tradesma...
On the coldest day of the year in 2021 , my wife and i woke up to a 58 degree home. Needless to say I was on the hot seat to find a solution. I have many contacts in the trades and HVAC world, the one name that came to the top of th...
I purchased and installed a Generac standby generator after seeing a commercial on TV. This is an excellent generator and I love that it tests itself weekly. So far, this unit has served us reliably through a power outage just befor...
We bought our house and inherited a geothermal system, and we were nervous about taking proper care of it. But you guys make it easy! He answers all our questions when he comes out to do regular service, and went above and beyond wh...
I recently purchased and installed a Viessmann boiler system for my home. I was very happy with the team at Waterloo Energy for all their customer service and support. What I liked best was that they answered all our questions and p...
I recently had my furnace fail. First the President himself came out to diagnose then his technician (Justin I think ) gave the system a full review and got my furnace pumping out heat. Im now in the process of reviewing my options ...
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