2 Major Grinnell Geothermal Heating and Cooling Considerations

1.     Front-End Costs vs. Payback

It’s an insurmountable fact: replacing your current HVAC system with a geothermal heating and cooling system is a costly proposition. Starting costs here in Grinnell can run anywhere from $10,000 to $30,000 – or higher. Lot size, site accessibility, system configuration, ground conditions, and other issues have a say in it. So too does the amount of excavation that must be done and what type of ductwork modifications are needed. And if you’re building a new home? It’s not as budget-busting, overall, but it’ll still cost about 40 percent more than a standard-issue HVAC system will cost you.

Okay, that’s the bad news. And, yes, there is some good news. To begin with, some sort of incentives and rebates may be accesable at the federal, state and local level to help you bear the installation costs. What’s more, the energy savings feasible with your new geothermal heating and cooling system will help you begin to recoup your initial investment almost immediately. The upshot is, you could recoup your investment in as little as four years. But be prepared: Local utility rates and the end cost of your installation may slow full repayment for as much as 15 years. Because geothermal systems tend to last for upwards of 30 or 50 years, though, you’ll still make out all right. You simply have to calculate sooner rather than later what your finances can tolerate … and how patient you are.

2.     Geothermal Benefits Can Easily Override Worries About Up-Front Costs

Allow us to itemize the top benefits:

  • Compared to common heating and cooling systems, geothermal heating and cooling could clip 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 work by combustion, so you’re not endangered by greenhouse gas emissions (carbon dioxide, carbon monoxide, etc.) and you have no fire safety or air quality concerns.
  • Given that no outdoor fans or compressors are necessary, geothermal heating and cooling systems run much quieter than ordinary systems.
  • The absence of many complex moving parts and the fact that geothermal systems are effectively shielded from the elements pretty much guarantee many decades of low-maintenance, top-performance use. Indoor components may last 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? Visit the Grinnell geothermal pros at Latcham Enterprises. We’re happy to help, whatever you decide.