Monday, February 17, 2014

THE VALUE OF GEOTHERMAL HEATING AND COOLING

Initial costs are indeed higher BUT ... the wait on return is nearly nonexistent, and the value realized immediately. 

Those costs are primarily due to drilling the renewable energy source - the open or closed loop water system which delivers the renewable energy in "heating mode" or removes energy in "cooling mode".  The 30% tax credits for residential and 10% tax credits plus accelerated depreciation for commercial building owners covers the initial higher cost of the "renewable energy source" 

For new homes ... the value is undeniably realized through energy savings over increases in mortgages costs. This initial cost for the drilling increases the new home or commercial building cost by ~3-4% ... that's right 3-4%!  

The loop cost when added to a 20-30 year mortgages increases the monthly cost by approximately 2-3% which is exceeded by approximately 8-10X in annual energy savings.  What's more compelling is the the 3-4% increase is paid back in tax credits within the first year.  

For new construction or existing home or commercial building renovations, a geothermal heating and cooling system is the smartest investment the building owner can make and will pay for itself almost immediately - certainly more quickly than any aesthetic choice of counter top, tile, or kitchen cabinetry.   

The new home value will yield at least an immediate 3-5% increase in home value  - conservatively. 



11 comments:

  1. Geothermal heating and cooling systems are those that incorporate geothermal energy to produce heat. Geothermal energy is the one that has its origin from within the earth's surface and is formed from radioactive decay of minerals and also from solar power that is absorbed at the earth's surface.

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  2. Geothermal strength cooling and heating includes water that moves throughout pipes installed best suited beneath our homes or vendors. Since the floor is certainly uncovered in direction of the sun even in the cold months several weeks, you'll find it consistently absorbing photo voltaic vitality.

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  3. Geothermal uses the temperature in the earth or a body of water to heat or cool homes, commercial establishments and even to regulate temperature for sensitive equipment. While traditional geothermal requires drilling into the earth and installing piping (PVC/copper) filled with a liquid (water/refrigerant), attaching this system to a heat pump to heat and cool the home
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  7. A geothermal heat pump or ground source heat pump (GSHP) is a central heating and/or cooling system that transfers heat to or from the ground.
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