2 Key Mitchell Geothermal Heating and Cooling Considerations

1.     Starting Costs vs. ROI

There’s no getting around it: replacing your present HVAC system with a geothermal heating and cooling system is an expensive proposition. Initial costs here in Mitchell can run anywhere from $10,000 to $30,000 – or higher. Lot size, site accessibility, system configuration, ground conditions, and other issues account for that. So too does the amount of excavation that has to be done and what kind of ductwork modifications are required. And if you’re building a new home? It’s not as budget-busting, normally, but it’ll still cost about 40 percent more than a typical HVAC system will cost you.

Okay, we’ve dispensed with the bad news. Let’s concentrate now on the good news. First, some sort of incentives and rebates may be obtainable at the federal, state and local level to assist you with installation costs. Next, the energy savings you could experience with your new geothermal heating and cooling system will start paying back your initial investment relatively quickly. That means you could recoup your investment in as little as four years. But understand: Local utility rates and the total cost of your installation may delay full repayment for, oh, say 15 years. Seeing as how geothermal systems often last for upwards of 30 or 50 years, though, you’ll still be in good financial shape. You merely have to figure out at the start what your finances can take … and how patient you are.

2.     Geothermal Benefits Can Easily Outweigh Concerns About Up-Front Costs

Let us cite the top benefits:

  • Compared to more familiar heating and cooling systems, geothermal heating and cooling could cut as much as 30 to 60 percent off your heating bills. And it could decrease your cooling costs by as much as 20 to 50 percent.
  • Geothermal systems use renewable energy – heat taken from the ground.
  • Geothermal heat pumps don’t run by combustion, so there are no greenhouse gas emissions (carbon dioxide, carbon monoxide, etc.) and no fire safety or air quality concerns.
  • Since no outdoor fans or compressors are necessary, geothermal heating and cooling systems operate much quieter than common systems.
  • Since there aren’t many moving parts at all and geothermal systems are sheltered from the elements, you’re pretty much guaranteed many decades of low-maintenance, top-performance use. Indoor components may hang in there for about 30 years, ground loops, about 50.

Want a little clarification on any of these points in order to make a decision about your heating and cooling options? Turn to the Mitchell geothermal specialists at Affordable Geothermal LLC. We’re glad to help, regardless of what you decide.