The Cost Savings of Geothermal Heating Systems

Geothermal heating systems are simply more efficient than conventional heating and cooling systems because it uses heat directly from the earth under your home. Geothermal systems have been used in places all over the world and have proven to be more efficient and cost effective. Also, your home doesn’t have to be located in a warm or cool climate to have an effective geothermal system.

The upfront cost is rather large, it can cost a little more than double the cost of conventional heating and cooling systems. The cost does depend on location, different climates have different construction needs. This high cost is mostly due to the digging involved to create the trenches to install the loop pipes. These trenches should never have to be replaced even if other system components need to be. To find out an exact cost you need a contractor to inspect where you live and quote it for you. If you choose to pursue installing a geothermal heating system a tax credit is available and may be worth looking into.

This system can last anywhere from twenty to fifty years, depending on the environment. Even if the upfront expense is costly; over those twenty years you could save up to 80% compared to the cost of a conventional system. Geothermal systems replace the need for you to pay companies for a conventional system, along with any cost of maintenance that may be needed.

Geothermal heating systems make the most cost savings for new construction. It will still give plenty of savings but may take longer to see it. On average the cost of the system should pay itself off within five years. The higher savings for new construction is simply because you are already digging into the earth for the foundation so the opportunity to dig the trenches is obviously easier.

Contacting a Minnesota general contractor is highly recommended to ensure you’re choosing the best option for your home. Get in touch with a Minnesota remodeling specialist at All Around for a free consultation.