4 Ways Geothermal Saves Money

4 Ways Geothermal Saves Money

Why invest in a ground-source heat pump? The biggest reason is that geothermal saves money every year compared to traditional electric heating and cooling systems. Being better for the environment is just a nice bonus.

What is a geothermal heat pump?

Despite their performance, geothermal heat pumps don’t use ultra-sophisticated or super-advanced technology. They rely on principles discovered centuries ago, and basic technologies perfected in the 20th century.

The way an air conditioner does its job is by moving taking the heat inside your home and blowing it outside. Yeah, it’s a little more complicated than that, but you get the idea.

A geothermal heat pump cools the same way an air conditioner does. However, it can, essentially, run backwards by taking heat stored underground and putting it into your house when you need to warm it up.

An air-source heat pump does the same thing, but the geothermal has the advantage. The underground temperature rarely fluctuates no matter what’s going on up above. Your geothermal heat pump taps this stable environment, and that allows it to maintain stable performance no matter the season.

So, Geothermal Saves Money How?

  1. Moving heat with electricity is far more energy efficient than generating it the same way. In that regard, a geothermal heat pump can routinely surpass 100% operating efficiency compared to a traditional electric heating systems thanks to the borrowed heat a geothermal heat pump gets from below ground. This translates directly into dollars saved on your utility bill.

  1. Wind and rain can do bad things to your air conditioner condenser. They don’t do anything to your geothermal heat pump, because a geothermal unit doesn’t need to put any components outside your house. The heat pump itself is inside, and the ground loop is sealed by a couple feet of dirt and rock. It’s going to be fine, and can last, literally for decades. There are still geothermal ground loops more than 50 years old operating today.

  1. Everybody likes paying less month-to-month on utilities, and who doesn’t like saving on their taxes? Did you know a geothermal heat pump can help you pay a little less come tax season? The 30% Federal Renewable Energy tax rebate let’s you deduct up to 30% of the cost of your geothermal heat pump installation. That’s serious savings!

  1. Geothermal heat pumps help save the environment! No, seriously, they do. They may run on electricity, but they use less of it than traditional air conditioners and air-source heat pumps. Less electricity consumption results in fewer carbon emissions, and that means less pollution. If you’re looking to go green, but really like modern heating and air, a geothermal unit might be exactly your way to save Mother Nature.

Enough Savings?

Are you convinced geothermal saves money? Do you still have questions? Let us know in the comments below!

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