Is Geothermal Heating & Cooling Worth It?Posted On: August 9, 2013
Geothermal heating and cooling systems have seen a surge in popularity in the past decade—partially due to government tax incentives that have been made available, but also due to rapidly increasing energy costs and increased awareness of environmental issues.
While these are all valid and, in some cases, noble reasons to invest in a geothermal heating and cooling system, is geothermal heating and cooling really worth it?
The answer to this question really depends on a number of factors. How much energy do you currently use? How much does installation cost in your area? What kind of geothermal heating and cooling system do you need: ground loop or a vertical system?
The answers to all of these questions can impact the return on investment of your system and determine whether it is a worthwhile expense for you or not.
Geothermal heating systems vary greatly in cost, but generally cost $25,000 to $30,000 to install. An average home in the United States spends nearly $2,000 each year on heating and cooling. Homes with geothermal heating and cooling can save as much as 80 percent on their heating and cooling costs each year, bringing total heating and cooling costs to less than $500 per year, saving more than $100 per month on average.
In fact, the energy savings associated with a geothermal heating and cooling system can actually often exceed the monthly costs of financing a system—making your system cash flow positive from day one!
The only way to accurately determine whether or not a geothermal heating and cooling system is a wise investment for your home is to have a heating and cooling professional assess your property and your energy habits and give you a quote. There are simply too many factors at play to answer this question for all homeowners in a single blog post.
Geothermal Heating and Cooling Systems in Scranton, PA & Wilkes-Barre, PA
If you are in the Scranton, PA or Wilkes-Barre, PA area and are considering geothermal heating and cooling for your home, contact the experts at T.E. Spall & Son today.
Contact us today to schedule geothermal heating and cooling installation with the leading heating and cooling company in the northeastern Pennsylvania area.