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What is the Geothermal Cost Savings in heating bills?

Posted by Taylor Hendricksen on Jan 20, 2012 in Question and Answer | 0 comments

Ground source heat pumps deliver heat at 400% efficiency. They operate on electricity. Depending on what we are comparing it to, you can expect savings of up to 70% on what you would pay for conventional heat. Consider the average Montana home that is using propane as it primary means of heat will spend $2000 per year for domestic heat and heat for the domestic water. A geothermal system could provide that same energy for $600. That’s a savings of $1,400 every year! Easily enough for the payment to pay off the system.

Geothermal heating saves you tons of money all year in operating and maintenance costs. You can provide the same heating you are used to for a fraction of the cost. The initial investment can be made up in these savings in as little as three years. Until then there is actually usually a positive cash flow, because the savings from the system exceeds the payments on the system. Then after it is paid off, the savings are gigantic.