Installing a geothermal heat pump will save you money, in both operating costs and maintenance costs, because it utilizes money-saving green energy. Investments can be recouped in as little as two years and because the energy savings usually exceed payment on the system, this results in a positive cash flow.
The heat from the Earth (green energy) is known as geothermal energy. Geothermal systems heat or cool a home (or other building) by using the stable temperature of the Earth. Depending on the season, this energy can be used either as heat or a coolant.
An alternative to using heating fuel or electric heat and electric air conditioners, geothermal systems use an electric pump to draw out heat from deep inside the earth. During hot months of the year, the process reverses and the pump removes hot air from your home, dumping it deep in the Earth and then replacing it with cooler air, conditioned by the ground.
You can see how utilizing the earth’s heat to keep your home warm this winter is much friendlier to the environment as well as kinder to your energy bill!
The price of installing a geothermal heat pump system depends on the heat loss of the building, but you can expect installations in new homes to cost 10 to 15 percent more than an equivalent heating/cooling system. Many utility companies offer incentives to offset the costs to install geothermal systems. Look under your utility company’s Energy Star Home programs to see what is available.
Although the initial investment for a GHP system is greater than that of a conventional heating or cooling system, when you consider the operating costs of a geothermal heating, cooling, and water heating system, energy savings quickly offset the initial difference in purchase price.
Morelli Heating & Air Conditioning can answer your geothermal questions and evaluate whether it might be a good fit for your home or business. Click this link or call 843.554.8600 for a free consultation and an estimate on green energy options for your home.