Is Geothermal Heating Expensive?Posted On: October 14, 2013
Geothermal heating systems are more expensive to install than traditional heating sources like gas furnaces, oil furnaces, boilers, or heat pumps. Despite this, installing a geothermal heat pump at your home or business can be a great financial investment.
Geothermal heating and cooling can cost $20,000 or more for many homeowners, but federal tax incentives can decrease the upfront amount by 30% and long-term financing plans can offer payments lower than your annual energy savings—making your new geothermal system net-income positive from year one!
How Much Can I Save With Geothermal?
Geothermal heating and cooling systems can save up to 80 percent on your heating and cooling bills. With heating and cooling making up the largest portion of a home’s energy costs, this can add up to tens of thousands of dollars over the life of the system.
New geothermal heating systems can return up to $5 for every $1 that you spend on electricity!
If that isn’t enough, federal, local, and even utility incentives can bring the cost down even more. Save energy and money today by switching to an ultra-high efficiency geothermal heating and cooling system.
Visit our Scranton, PA Geothermal Heating page to learn more about installing geothermal in our service area.
Geothermal Heating and Cooling in Scranton, PA & Wilkes-Barre, PA
If you are interested in installing a geothermal heating and cooling system at your home in the Scranton, PA area, we will assess your home’s geothermal options and provide a no-cost estimate! Call T.E. Spall & Son today!