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USTDA Awards Grant to MENA Geothermal
U.S. Consul General in Jerusalem Daniel Rubinstein
and Khaled Sabawi, President of MENA Geothermal, signed a grant agreement from the U.S. Trade
and Development Agency (USTDA) in support of a district geothermal heating and cooling system for Union
Construction and Investment’s planned 522-unit Kober Affordable Housing project near Ramallah. The $438,612 grant
will study the feasibility of applying geothermal technology on a massive scale, potentially reducing the entire development’s
energy consumption by up to 70% and significantly reducing CO2 emissions.
Read Press Release
Read Remarks of President of MENA Geothermal
View Kober Affordable Housing Project Visual Tour
Read News Clipping
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| How does a geothermal system work? |
Throughout the year, outdoor temperatures fluctuate
with the changing seasons. However, underground temperatures do not. In
fact, about four to six feet below the earth's surface, temperatures
remain relatively constant year-round. A geothermal system, which
consists of an indoor unit and a buried earth loop, capitalizes on these
constant temperatures.
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| How long is the
payback period for your geothermal heat pump system? |
To figure this accurately, you must know
how much per year you'll save in energy costs with a geothermal system
and the difference in costs between it and the alternative heating
system and central air conditioner. To calculate your return on
investment (payback in number of years), divide the annual savings into
the additional cost. When you install a geothermal system in a new home,
the monthly savings in operating costs will generally offset the
additional monthly cost in the mortgage, resulting in a monthly positive
cash flow immediately. Keep in mind that energy savings is only one of
the many benefits you receive from a geothermal system.
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| What types of loops
are available? |
| There are two main types: open and
closed. The next two sections will give you specifics about each.
Learn More |
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