Geothermal Heat Pumps save money, both in operating costs and maintenance costs. Investments can be recouped in as little as three years. There is a positive cash flow, since the energy savings usually exceeds payment on the system.
The initial investment for a Geothermal Heat Pump system is greater than that of a conventional system. However, when you consider the operating costs of a geothermal heating, cooling, and water heating system, energy savings quickly offset the initial difference in purchase price.
You can expect an installation charge for any electrical work, ductwork, water connection, and other provisions or adaptations to your building that are required. Our engineers can estimate these costs in advance if required.
The reduced peak load requirements would allow utilities to serve more customers and to lower fixed costs per customer, thus offsetting some increased variable costs. This would result in less cost per kilowatt, since fixed investment for new capacity is high.