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A Financial Case for Installing a Geothermal System

Geothermal heating and cooling have been a hot topic lately. Homeowners like you are switching to geothermal systems when it’s time for them to replace their existing system. While installing a geothermal unit can be a big project to take on, it’s also very worth the time and effort.

If you want to learn more about geothermal heating and cooling systems, keep reading. Then when you’re ready you can give us a call to come out and assess your home for installing a geothermal system. While every residence isn’t eligible for geothermal installation based on the available space and home design, many homes are–and yours might be one of them.

Benefits of Geothermal Energy for Heating and Cooling Your Home

Different heating and cooling systems each offer their own unique combination of pros and cons. Some systems are more efficient while others are more reliable. Geothermal systems are great because they offer a wide variety of benefits that appeal to homeowners.

  • Reliability – Geothermal energy offers a heating and cooling solution that comes from the earth. Even when it’s cold outside, there is still warmth in the ground beneath your home. The same goes for summer. Even when the temperatures are sweltering, the earth beneath your home is still cool. A geothermal system uses the earth as its sole source of heating and cooling, so it’s very reliable. 
  • Emissions – A geothermal unit doesn’t require natural gas, which is a finite resource that will eventually run out. With a geothermal system, you don’t have to worry about that. Plus, you’re making a choice that’s good for the environment because of the lower emissions.
  • Simplicity – If you have any other type of heating and cooling system, then you rely on an energy source. Whether it’s electricity that comes in through wiring or natural gas that comes in through pipes, you are reliant on an outside source. If the electricity goes out or your gas line is damaged, your ability to heat and cool your home is impacted.
  • Efficiency – Geothermal units will cost less on your energy bill since they don’t rely on electricity or natural gas to produce hot and cool air. Some studies show that a geothermal system can reduce energy costs by as much as 80%.

The Cost of a Geothermal System

There’s no way around it. A geothermal system is more expensive upfront to install than its more traditional counterparts. The good news is, if you’re already looking at a new unit then you’re prepared to make a significant investment either way. It’s important to remember that even though the upfront cost is high, the money that you’ll save over the life of your system is going to pay for itself.

Here’s an example: A geothermal unit will cost you an average of $5,500 more than a traditional HVAC system to install but you’re likely to save around $1,400 per year on energy costs. This means that you will recoup the difference in your investment in just under four years. But that’s not the best part. Geothermal systems last an average of 25 years before needing to be replaced. In that amount of time, you could save more than $40,000 in energy costs, which more than pays for the unit – and its future replacement! 

Comfort is a must, call the experts you trust. Contact Precision Air, Inc today for your HVAC and indoor air quality needs.

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