Geothermal Heat Pump Market and Business Models, or "So You Think You Want to Be in the Geothermal Heat Pump Business?"

Abstract

The geothermal heat pump (GHP) industry is rapidly expanding, and numerous individuals and existing businesses are considering entering this market. In order to evaluate potential business opportunities, careful consideration must be given to the various roles that companies play in the GHP market, in order to assess the best business plan for industry participation. A thorough examination of the following questions can provide the needed basis for making these decisions: Who are the GHP industry participants? What is the makeup of the GHP market? What regulatory issues apply? How will recent and future legislation affect business opportunities? Armed with answers to these questions, business owners can make informed decisions about whether, and how, to approach GHP business opportunities.