Blog

In 2021, Symbiont Service Corp became 100% employee owned by transitioning to an ESOP (Employee Stock Ownership Plan). Just over one year later, we are still excited, and the company is flourishing!

Reflecting on Symbiont Service’s Journey to 100% Employee Ownership

Leading up to the anniversary of the big ESOP announcement, Sandy King, President of Symbiont Service Corp, sat down with Phillip Hayes to be interviewed for his podcast, Journey to an ESOP. Phillip, known as The ESOP guy, played an advisory role throughout Symbiont’s ESOP process.

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Happy Holidays! 24/7 Emergency Service Available.

As always, we will have on-call technicians available for 24/7 emergency service over the holidays. You won’t have to let a pool heating or air conditioning malfunction keep you from enjoying your celebration.

Please note that our office will be closed on the following dates to allow our staff to spend time with their families over the holidays:

Office Closed

Monday, December 26, 2022
&
Monday, January 2, 2023

Warm wishes for health and happiness this holiday season and throughout the New Year!

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An update on the current and future tax credits in the GeoThermal industry.

On August 16 of this year, the president of the United States signed the Inflation Reduction Act into law. That means a change in the tax credits available to both the residential and commercial markets.

I’m pleased to announce that tax credits for GeoThermal heat pumps went from 26% to 30% this year. Also, they’ll go through 2032 without change in the residential sector. Moreover, the tax credit will drop to 26% in 2023 and then to 22% in 2024 on the commercial side. This is all good news for the GeoThermal industry—it truly helps offset the cost of the equipment itself. On the commercial side, tax credits went from 10% to 30% in 2022, so I suggest speaking with your CPA about this.

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We explain some of the benefits of employee ownership through ESOPs.

Recently, we made a blog post about employee ownership through stock options. We believe ESOPs are the way forward for our company, so today we’ll dive deeper into the topic. There’s a lot to go over, but by the end of the video, you should understand the basics of what ESOPs do to help a company and its employees.

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October 1, 2022

Valued Customers,

Hurricane Ian left our central headquarters for Symbiont Service Corporation without water, internet, power, or cell phone service. Several parked vehicles were damaged, signs were torn down, and water damage to some office spaces. The roadways out of Symbiont are blocked by fallen trees or flooding, and gas for our vehicles is in limited supply. It is difficult for some of the employees to report to work as their homes are also damaged.

Our East Coast Florida team is available for service if we can dispatch the service information to them. We are working on a plan through the weekend to set up partial operations by Monday, and we ask that you be patient with our response time. We value our customers and want to help as soon as possible.

My cell number is 941-716-8217; I am in the Sarasota area and currently have cell service.

I appreciate your understanding and hope you and your families are safe.

Take care,
Sandy King

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Here’s what you need to know about our decision to introduce ESOPs.

Recently, we hosted a presentation all about ESOPs. Employee stock options are crucial so that we all share in our company’s success. Michael Miller, the Trustee of our ESOPs, stopped by to explain how they work and benefit you. 

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Here’s what you need to know about GeoThermal pool heating in Ft. Lauderdale.

Have you considered GeoThermal pool heating, but aren’t sure if it’s the right fit for your needs? Does the scale of your heating requirements have you concerned about whether GeoThermal can do the job? If you feel this way, I’m here to let you know you have nothing to worry about. However, don’t just take my word for it. Today I’m speaking with Laura Voit about how she implemented GeoThermal heating throughout the city of Ft. Lauderdale, Florida. They have a long tradition of being a big swimming town, so proper heating year-round was crucial. 

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Are you considering switching from propane to GeoThermal pool heating? This article from the Six Lakes Country Club is a must-read.

Skyrocketing propane costs caused Six Lakes Country Club in North Fort Myers, who uses propane pool heaters, to consider other heating methods. Since meeting Board Treasurer Tom Goldsmith at an HOA tradeshow, we’ve been working with the Six Lakes Board of Directors on a plan to exchange their propane pool heaters for a GeoThermal pool heating system. The board carefully weighed the costs of propane vs. GeoThermal. They concluded that the GeoThermal system will pay for itself in three years or less and continue to provide energy savings in the future.

Mr. Goldsmith wrote the following article, The GeoThermal Solution, to inform the Six Lakes HOA members of the reasons behind the board’s decision to go GeoThermal. The article provides a brief but excellent overview of GeoThermal technology, as well as an authentic cost comparison of GeoThermal and propane pool heaters. In presenting the benefits of GeoThermal, we couldn’t have said it better ourselves.

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Sandy King, President of Symbiont Service Corporation, received a state proclamation from Melanie S. Griffin (Secretary, Florida Department of Business & Professional Regulation).

Melanie and her staff personally delivered the Proclamation and honored Sandy during a visit to the SSC Englewood Headquarters, Monday July 18th. During the visit from state officials Sandy gave them a tour of our facility and a brief presentation about SSC accomplishments that her and its employees have performed over the years.

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Our two core values are to do the right thing and maintain a symbiotic relationship with our clients. Today we want to urge you not to procrastinate installing your GeoThermal pool heaters. We want to ensure you’ll be ready to heat this winter and let you know what’s going on so you can make an informed decision.

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