The notion that geothermal systems are for the affluent and are priced out of the average person's reach is a misconception. In fact, the economical advantages to selecting a geothermal system over a conventional system are numerous.
While there is no accurate rule of thumb for determining the purchase price of a geothermal system for your home, your local GeoComfort dealer can assist you in selecting a system model to meet your requirements and a loop type to fit your needs. Innovations in geothermal technology and installation techniques make it more affordable than ever to experience the best heating and cooling solution on the market today.
Many states/provinces and utilities have programs supporting the installation of geothermal systems. Available state incentives may be located in the Database of State Incentives for Renewables and Efficiency at www.dsireusa.org. Contact your local utility company to inquire about any incentives that they may offer as well. Many Canadian provinces also offer geothermal incentives. Contact your local dealer for more information.
In some respects, comparing the investment of a geothermal system to the cost of a conventional system is comparing apples to oranges. What may appear at first glance as a 'good deal' on a conventional system may not be the most economical choice.
When considering any new heating and cooling system, it is important to put in perspective the cost of home ownership. Similar to the cost of doing business, it is the amount of money that you know you will pay each month to run your home. This would include your mortgage payment, electricity, heating, cooling and hot water costs. In a new construction situation, the cost of the heating and cooling system would typically be included in the mortgage payment. While selecting a geothermal system may increase your monthly mortgage payment, the savings you experience on your monthly heating and cooling bills will actually be more than that nominal increase thus providing positive cash flow. Plus, when you select the desuperheater option to capture residual heat and warm household water, you will save even more on your monthly expenses.