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Propmodo Daily

By Franco Faraudo · Apr. 16, 2024

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Heat pumps have a powerful new ally: the Department of Energy. This efficient heating and cooling technology has been identified as a key solution for achieving carbon reduction goals, yet adoption remains sluggish. Today, we explore new DOE initiatives designed to accelerate heat pump installations in commercial buildings.

This week in Propmodo Technology, we're tackling multifamily development. Learn how sustainable trends like passive house and 3D printing are changing construction. Discover AI's impact on development finance, and explore the viability of franchise models within modular housing.

Now, let's dig in!

Heat Pumps Get a Needed Boost From the Department of Energy

Heat pumps represent the future of HVAC. Like air conditioners, they can heat and cool spaces. Perhaps more importantly, they run on electricity instead of fossil fuels like conventional heating systems. Despite their immense potential, heat pump adoption in the U.S. remains limited. Only about sixteen percent of homes and less than one percent of commercial buildings use them.

To accelerate this sluggish adoption, the Department of Energy has launched the Better Buildings Initiative (BBI). According to the organization's website, this initiative involves partners "working with DOE to reduce portfolio-wide Scope 1 and 2 GHG emissions by at least 50% within 10 years. DOE provides technical assistance and opportunities to share best practices for carbon reduction."

The BBI is working to increase heat pump adoption in a number of ways. It has been working with some of the largest HVAC manufacturers and corporations in the U.S. to develop and test new commercial scale rooftop heat pump units. The BBI also has created an accelerator program that supports companies innovating in the space and provides resources for companies looking for heat pump providers.

The DOE is also tackling one of the main deterrents to a heat pump purchase: their ability to heat a building in extremely cold weather. The Residential Cold Climate Heat Pump Challenge is a way for the DOE, along with the EPA and National Resources Canada to accelerate the development and commercialization of cold climate heat pumps. According to Maria Vargas, director of the DOE, “Our goal is to maximize the heat supplied by the heat pump and minimize the heat supplied by [less efficient] back-up heat.”

Heat pumps have a lot going for them: they require less space than separate heater and AC units, boast superior efficiency and sustainability compared to most heating sources, and even come with tax credits of up to $2,000 for consumers. But, their widespread adoption faces a hurdle. With rising costs, high-interest rates, and declining occupancy rates, many building owners are experiencing dwindling cash flow. This makes replacing existing, albeit inferior, HVAC systems a tough sell, even with the long-term benefits of heat pumps.

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Propmodo Daily is written and edited by Franco Faraudo with contributions from readers like you and the Propmodo team.

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