How much does a Ground Source Heat Pump cost?
The initial investment for a Ground Source 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. A geothermal system has a higher up front cost when compared with a conventional heating and cooling system primarily due to the buried loop system. Some homeowners view the system as being too expensive. They fail to see the whole picture. In reality, the monthly cost of heating and cooling, the cost of hot water and your monthly mortgage payment will actually cost you more per month than it would had a geothermal system been installed. Your geothermal system will produce considerably lower monthly utility bills and annual maintenance costs.
