2 Crucial Geothermal Heating and Cooling Considerations

1.     Initial Costs vs. Payback

There’s no avoiding it: replacing your current HVAC system with a geothermal heating and cooling system is a costly proposition. Initial costs here in can run anywhere from $10,000 to $30,000 – or above. Lot size, site accessibility, system configuration, ground conditions, and other issues have a say in it. So too does the amount of excavation that must be done and what kind of ductwork modifications are necessary. And if you’re having a new home built? It’s not as budget-busting, overall, but it’ll still cost approximately 40 percent more than a standard-issue HVAC system will cost you.

Okay, that’s the bad news. And, yes, there is some good news. To begin with, some sort of incentives and rebates may be offered at the federal, state and local level to help you out with installation costs. Then, too, the energy savings feasible with your new geothermal heating and cooling system will start paying back your initial investment in no time. That means you could recoup your investment in as little as four years. But understand: Local utility rates and the end cost of your installation may slow full repayment for as long as 15 years. Since geothermal systems often endure for upwards of 30 or 50 years, though, you’ll still make out all right. You just have to calculate sooner rather than later what your finances can take … and how patient you are.

2.     Geothermal Benefits Can Easily Outweigh Concerns About Starting Costs

We’ll cite the top benefits:

  • Compared to typical heating and cooling systems, geothermal heating and cooling could nick as much as 30 to 60 percent off your heating bills. And it could minimize your cooling costs by as much as 20 to 50 percent.
  • Geothermal systems use renewable energy – heat transferred from the ground.
  • Geothermal heat pumps don’t work by combustion, so you’re not confronted with greenhouse gas emissions (carbon dioxide, carbon monoxide, etc.) and you have no fire safety or air quality concerns.
  • Because no outdoor fans or compressors are necessary, geothermal heating and cooling systems operate much quieter than traditional systems.
  • Since there aren’t many moving parts at all and geothermal systems are shielded from the elements, you’re pretty much guaranteed many decades of low-maintenance, top-performance use. Indoor components may last about 30 years, ground loops, about 50.

Want a little clarification on any of these points in order to make a decision about your heating and cooling options? Visit the geothermal pros at Geothermal North. We’re glad to help, whatever you decide.