The benefits to Geothermal Heating are enormous, although costly to install. According to Energy Environmental Corporation, new systems for a 2500 sq. ft. property start at 20k (and that includes the tax incentives and subsidies). Payback periods on these systems are generally over 10 years with such a heavy upfront expense, making them less desirable for investors who turn property over quickly. But, if the financials make sense, there are many other perks to using geothermal including:
Efficiency – Geothermal systems are highly efficient, even said to be 500% more efficient than traditional furnace systems.
Safety – There is no oil or gases burned off and no potential for combustion with this type of system
Comfort – Buildings with Geothermal systems tend to have fewer cold and hot spots, with an even distribution of cooled/warmed air.
Environmental – The US EPA recognizes geothermal heat pump systems as the highest form of technology available to minimize environmental impacts and improve efficiency.
Be sure to do a lot of research before beginning a geothermal project. Because it is a relatively newer practice in the United States, price ranges vary widely and additional expenses could creep up making this system less attractive for your particular project.
In the Central New York region, Taitem Engineering can help you with all of your geothermal questions, or any environmentally friendly options for that matter.