Geothermal Energy Heating

Costs

Geothermal energy heating costs

Geothermal energy heating is a means of a natural source of heating which taps into the Earth’s core to heat that is retained in the earth.  It is a very cost efficient means of heating, and extremely effective.  The system is simply designed and affordable.

Although the geothermal costs much more than an air-source system, the system normally pays for itself within three to four years.  Meaning, the typical 2000 sq. ft. home costs about $1 a day to heat.  Which is quite a savings compared to the high cost of energy these days.  The geothermal energy heating can also supply the home with 60% of its hot water, making even more of a savings for the homeowner.

The benefits of the geothermal heat pump system is that the system uses 25% to 50% less electricity than that of

Conventional heating or air.  They also take up less space; they are durable and longer lasting than the conventional

units, they are not susceptible to vandalism, and they are more quite than the conventional units.

Prices vary, depending on the unit.  And, because in some areas the installers are well-equipped competing with one

another on the market.  The average cost is about $2000 more than a new air-to-air heat pump.  It can be up to

$4000, however.  The difference between a conventional furnace and air-conditioning package with ductwork would

Normally cost around $5000 to $6000.  The geothermal energy heating and cooling system would likely cost about

$7000 to $80000.  Which means, after three to four years, the system will have normally paid for itself.

Now, the really interesting part is that some electric utility companies are willing to underwrite some of the cost of the

geothermal energy system installation through rebates or rate guarantees.  This, can amount to thousands of dollars.

The advantages are definitely there.  If you are considering a geothermal energy heating system for your home or

office, you should begin to contact contractors in your area.  You will definitely want to go with an experienced

contractor and not just the best bid.

There Is an abundance of information on the subject today and you should familiarize yourself with background on

the system, to ensure that you are not taken advantage of.  There are different types of systems and depending on

your area will depend on the system.  You may be in an area where the soil does not allow deep trenching, or you

may be in an area that you can utilize a body of water, which is the cheapest means for installing the system.