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DIY (Do it Yourself) Projects -- Geothermal Projects
Last Updated on:  06/25/2015 06:30 AM

  Geothermal Pump
 
The Environmental Protection Agency and other environmental and consumer groups are unanimous in extolling the virtues of geothermal heat pumps. In fact, the EPA has stated they are the most energy efficient, environmentally clean and cost effective space conditioning systems available. That's the kind of endorsement that makes people start wondering whether a geothermal heat pump might make sense for them. If you're one of those people here's some things about geothermal heat pumps you might want to consider.
 
  • Geothermal heat pumps are expensive initially, but their life cycle costs are substantially less than conventional heating systems.
  • Heat pumps cost on average about $2500 per ton of capacity so an average 3 ton residential unit tons would cost around $7500. In comparison, a conventional heating unit plus an air conditioner for the same size home would cost around $4000.  Offsetting the higher initial cost, it's estimated that with a geothermal heat pump a homeowner would save 30 to 60% on their energy usage. At an average energy cost per home of $1500 per year, that would be a saving of $450 to $900 per year, providing a payback of the extra cost in 4 to 8 years.
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