Is geothermal cost effective?
It is cost effective. The operating and maintenance costs are less than any system on the market and with the longest life cycle. The initial cost of the system is typically higher than gas or air to air heat pumps, but is much more efficient, thereby saving you money every month. On a new construction home, the added cost of geothermal is reflected in a higher monthly mortgage payment which is offset by a higher amount of energy cost savings, resulting in a net positive cash flow to the owner. On a retrofit, the investment of geothermal will result in lower energy bills. Typical annual energy savings may range from 40 to 60%, giving a very good return on investment.
