Norton Commons is Louisville, Kentucky’s, first Traditional Neighborhood Development. Planned TNDs are the cornerstone of the new urbanism movement which aims to promote the creation and restoration of diverse mixed-use communities.
Another 50 geothermal homes are currently under construction and 50 are in planning stages. When completed, Norton Commons’ North Village will stand at over 1500, and will be one of the largest residential all geothermal communities in the nation.
According to BuilderOnline.com, before a North Village lot is purchased, two closed loops that are 350 feet deep are installed where the garage will be. Builders connect these loops to geothermal heat pumps manufactured by ClimateMaster, which boast increased efficiency and up to an 80 percent reduction in heating, cooling, and hot water bills.
Geothermal heating and cooling eliminates the need for outdoor air conditioning units and reduces noise, while allowing for more space for residents to enjoy the outdoors.
“Geothermal has been a huge hit. It offers energy savings and brings additional home comfort to residents,” said Norton Commons managing director, Charles A. Osborn III.
The federal budget deal that passed last month brought good news for geothermal homeowners and homebuyers. The Residential Renewable Energy Tax Credit, which expired at the end of 2016, was reinstated and extended by the new deal after it was signed into law by the President. A tax credit means a dollar-for-dollar reduction of tax liability for units put into service after Jan. 1, 2017, through 2021.
For further details: Norton Commons