Geothermal Heat Exchanger Pump Cost

Geothermal Heat Exchanger Pump Cost - Heating and Cooling

Although geothermal heat pumps are not very popular, they have been around for several decades. You will also find this type of heating system under the name of earth-coupled heating and cooling, as well as ground-source or even ground-loop heating. A well-built geothermal system can work for around twenty years, which means that the heating and cooling needs of your house are ensured during this period.

How Does It Work?

Simply put, the geothermal heat pump is buried in the ground somewhere near your house, and a heat exchanger, which resembles your air conditioner, will amplify temperature effects, giving you the heating and cooling you need. This system was tested in both cold and hot climates, and the technology is proven to work, regardless of climate.

What Are the Benefits?

The geothermal heat pump is a green technology that reduces your carbon footprint and helps you cut down on your energy expenses. Although geothermal heat exchanger pump cost is high, even prohibitive for many people, it’s worth mentioning that this is an investment that will pay off in the long run. According to estimates, the average cost of a geothermal heat system amounts to over $40,000. This includes the drilling that has to be done around your house to insert the pipe lines. Homeowners who are interested in this eco-friendly heating and cooling technology can benefit from financial assistance from the government, which offers an income tax credit that promises to reduce the total cost of installing a geothermal pump by 30%.

Energy Savings

The geothermal heat exchanger pump cost is compensated by the significant energy savings you can make in time. A geothermal pump provides you all of the hot water you need, so you can save both electricity and gas. Estimates show that you can save up to $1,000 in the first year. Also, another factor in the feasibility equation is the little maintenance required by a geothermal pump.

Geothermal pumps are effective alternatives, especially if you build a new house or plan to replace an aging heating and cooling system, which will amount to about half of the geothermal heat exchanger pump cost, but will require more maintenance and will entail periodic repairs that add up to the cost.

Need More Help?

If you are considering investing in a geothermal pump as a solution for your heating and cooling needs, you might want to consult an expert. This way you will get an accurate estimate. TalkLocal can connect you with a local professional who can answer all of your questions.

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