Geothermal Heating Costs
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http://renewableheating101.com 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.
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Geothermal Heating Costs
- 1. Geothermal Heating Costs RenewableHeating101.com
- 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 RenewableHeating101.com
- 3. Payback Period Length Variables • Cost of Electricity in Local Area • Type of Ground Loop • Size of Your System Compare to Conventional Alternative RenewableHeating101.com
- 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. RenewableHeating101.com
- 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 RenewableHeating101.com
- 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 RenewableHeating101.com
- 7. Bottom Line • Geothermal Systems can Save You Thousands • Higher Initial Costs • Reduced with Rebates and Incentives • Best Economical Decision for Life RenewableHeating101.com
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