2 Critical Bloomington Geothermal Heating and Cooling Considerations

1.     Up-Front Costs vs. Payback

It’s an inescapable fact: replacing your existing HVAC system with a geothermal heating and cooling system is a costly proposition. Initial costs here in Bloomington can be anywhere from $10,000 to $30,000 – or above. 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 needed. And if you’re building a new home? It’s not as expensive, overall, but it’ll still cost roughly 40 percent more than an ordinary HVAC system will cost you.

Okay, so much for the bad news. How about some good news? To begin with, a number of incentives and rebates may be offered at the federal, state and local level to help you out with installation costs. What’s more, the energy savings you could experience with your new geothermal heating and cooling system will help you begin to recoup your initial investment relatively soon. The upshot is, you could recoup your investment in as little as four years. But be advised: Local utility rates and the end cost of your installation may prevent full repayment for as long as 15 years. Since geothermal systems frequently keep working for upwards of 30 or 50 years, though, you’ll still come out ahead. You just have to calculate sooner rather than later what your finances can bear … and how patient you are.

2.     Geothermal Benefits Can Easily Override Concerns About Front-End Costs

Let us list the major 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 lower 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 typical, run-of-the-mill systems.
  • Since there are so few moving parts and geothermal systems are sheltered from the elements, you’re pretty much guaranteed many decades of low-maintenance, top-performance use. Indoor components may hold up for about 30 years, ground loops, about 50.

Want a bit of clarification on any of these points in order to make a decision about your heating and cooling options? Speak with the Bloomington geothermal experts at Quality HVAC. We’re glad to help, regardless of what you decide.