Geothermal Cost Comparison

Geothermal systems are becoming increasingly popular and more people are choosing to make the switch by having geothermal heat pumps installed in their homes rather than making use of conventional heating and cooling systems. What's great about using geothermal heat pumps is that these can do both heating and cooling, so you won't have to purchase a separate heater and air conditioner. Aside from that, using geothermal heat pumps helps in saving the environment because it reduces the amount of emissions due to the usage of fossil fuel-based systems. But what many people who want to make the switch to geothermal systems are worried about is the cost.

How much will be spent on having a geothermal system installed?

The initial cost of having a geothermal system installed is usually twice or thrice that of a conventional heating and cooling system. The cost will depend on various factors such as the age of your home, the size of living area, your home's insulation characteristics, the location of your home, and the geology of the area. In case you're just having a new home built and you want to get a geothermal system installed, mechanical air exchange and proper duct system design are factors that will affect the cost of your system.

Will you really save money when you get a geothermal system installed in your home?

Despite the large initial cost of having a geothermal system installed, you will still save much money in the long run. This is because geothermal systems use a lot less energy than conventional heating and cooling systems do. Geothermal heating and cooling systems are also more efficient and can reduce the average heating and cooling costs of a household by 35% to 70%.