The Benefits of a Geothermal Heat Pump
Geothermal heat pumps have all kinds of benefits that make them eco-friendly and wallet-friendly.
First, unlike systems that burn fossil fuels — such as gas, fuel oil, coal or wood — geothermal ones don’t produce carbon dioxide greenhouse gas emissions.
Second, geothermal systems are 50% to 70% more efficient for heating and 20% to 40% more efficient for cooling than traditional furnaces and air conditioners.
Third, since a geothermal heat pump uses the constant temperature of water pumped from a well as the medium of heat exchange, they work better at lower temperatures than air-source heat pumps.
Long-Term Savings, Short-Term Solutions
Geothermal, or ground-source, heat pumps have earned endorsements from both the Department of Energy and the EPA as among the most energy-efficient and eco-friendly ways to warm and cool your home.
While the initial cost of installing a geothermal system is $12,000 to $30,000, it makes up the cost in energy saved in five to 10 years.
In addition, the cost of installing an Energy Star-approved geothermal heat pump is eligible for a 26% federal tax credit in 2020. It will be eligible for a 22% tax credit in 2021.
Want more ways to slash heating bills? You can turn down your thermostat and use the heating effect of paddle fans during cooler months.
Finally, a programmable thermostat — especially a smart thermostat with Wi-Fi connectivity — is another way to make your existing HVAC system use less energy.
Simply set the control to turn the heat up when you’re home and down when you’re away — you can save up to 15% on your energy bill.
Better yet, a smart thermostat can learn your heating and cooling habits and find additional efficiencies — ways to save you money while keeping you comfortable.
- Geothermal Heat Pumps for Energy Efficient Heating and Cooling (video)
- Energy-Efficient Geothermal Heat Pumps for Your Home (article)
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