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We look at Geothermal Heating Costs as it relates to conventional systems, including energy savings, geothermal tax credits, renewable energy loans, and a good overall comparison of the systems.
2. Geothermal Heating Costs
• Initial Installation of Geothermal System is
More Expensive than Conventional System
• Labor, Materials, Equipment
• Pays for Itself Over Time
• Payback Period of about 3-7 years
• Depending on Installation Type
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3. Payback Period Length Variables
• Cost of Electricity in Local Area
• Type of Ground Loop
• Size of Your System
Compare to Conventional Alternative
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4. Energy Savings
• Systems Run at about 250% - 400%
Efficiency
• 1 Unit of Energy In - 4 Units Out
• Typically about 1/5 of the energy cost of
conventional system
• If you were paying $3,000 per year, you’d
be paying $500 per year.
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5. Geothermal Tax Credits
• Tons of Money Available for Geothermal
• 30% Federal Tax CREDIT
• Money Off of Your Taxes
• State Rebates Available
• Utility Company Rebates
• DSIRE Website
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6. Renewable Energy Loans
• Tons of ‘Green’ Stimulus Money
• Renewable Energy Loans
• Low Interests Rates
• Trying to Give them Away
• Still be Positive Cash Flow with Energy
Savings
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7. Bottom Line
• Geothermal Systems can Save You
Thousands
• Higher Initial Costs
• Reduced with Rebates and Incentives
• Best Economical Decision for Life
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