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By switching to geothermal you could avoid paying dollars too much over the next 15 years to heat/cool your home by using the ground you already own. The ground loops have a lifespan of 50+ years. Expand Details. |
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Your current Heat & AC system will cost you about to operate over the next 15 years. This is assuming a very modest 3% increase in fuel prices year to year. If you had geothermal and you financed the system, using the terms found below in the monthly payments section, you would pay total over the next 15 years to heat/cool your home & pay the interest on the loan. If you paid for the installation cost without financing you would heat & cool your home for .
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Including the recent 30% federal tax credit, a system for your particular home would be in the ballpark of . |
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Inside Cost: All parts inside your home such as the heat pump, duct work, and labor.
Outside Cost: The loop field drilling/excavation.
Total System Cost before Tax Credit.
30% Tax Credit
Total Investment
Don't get sticker shock! View this example of Geothermal by the Numbers
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The initial system investment would be recuperated in savings in . Installing geothermal is also like upgrading your kitchen, it adds value to your home. We estimate the increase in home value alone to be worth |
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If you have aging equipment you will need to replace it soon, thus at that time if you install geothermal instead of conventional systems your recuperation period is much less. Some people want to talk about "Payback Period", what does a gas furnace payback? Nothing! You need to consider the total cost of ownership, that is Initial Cost + Operating Expense. Geothermal units also have a much longer lifespan, about 25 years.
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The size of the heat pump will be around , although this needs to be determined by your local Geothermal Contractor's analysis. Several factors will affect the system size (like insulation). |
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Cooling load
Heating load
Home size
*Please note these are estimated and should be not used as actual values for system installation unless confirmed by a professional
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You could finance the system, with of a payment of per month, which is comparable to what you already pay on average to heat and cool. |
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Loan Amount
Annual Interest Rate
Loan Period (years)
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Please note that the calculator is intended to produce Ball Park figures, it is not producing an exact quote or an exact system sizing although we strive to make it as accurate as possible. The numbers in the output are not to be used as an official quote or in designing a system. The next step is to get in touch with a quality geothermal company who serves. |
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The most important part of geothermal is the installation. A system which is properly sized and installed will meet and exceed all your expectations.
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