Geothermal Energy
All You Need To Know
Geothermal Energy
All You Need To Know
Geothermal technology uses the changes in heat from the earth. Just a few feet
below the surface, the earth maintains a near-constant temperature, in contrast to the
summer and winter extremes of the ambient air above ground.
This technology uses the natural earth’s heat to heat and cool homes
and provide hot water for usage.
Costs
Geothermal Heat Pump Cost: $5,000 to $20,000
Installation Cost: $10,000 to $20,000
Permits and Inspections Cost: $500 to $1,000
Landscaping Cost: If you need to install a horizontal loop system, this can add $1,000
to
$5,000 to
the cost
A geothermal heat pump reduces energy costs by 30-70% on average, so
homeowners can
typically recoup investments in a geothermal installation through energy savings in
5 to 7
years.
Geothermal systems require less maintenance than conventional units.
The geothermal heating and cooling system buried in the ground usually has a
five-year warranty,
and inside the home, the geothermal heat pump unit has an average lifecycle of
twenty-five years,
making it one of the longest-lasting systems
on the market.
