How much does a geothermal system cost?
The initial investment for a geothermal 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. There are many factors that affect the cost of a geothermal heat pump system: Size of the building Insulation, windows, and air infiltration of the building Location and elevation of the building Size and terrain of building lot Type of ground beneath the building, i.e. rocky, sandy, dry, wet etc. Type of heat pump equipment specified The amount of land we can work with What residential tax credits are available? The federal tax credit for residential geothermal heat pumps is 30% of the total qualified expenditure. The Utah state investment tax credit for residential systems is 25% of the equipment and installation cost up to a maximum of $2,000. How efficient is a geothermal heat pump? The geothermal heat p
There are many factors that affect the cost of a geothermal heat pump system: Size of house Quality of insulation, windows, and air infiltration of house Location and elevation of house Size and terrain of building lot Type of ground beneath house, i.e. rocky, sandy, dry, wet etc. Type of heat pump equipment specified Verticle or horizontal loop Most systems fall in the range of $4 -$7 per sq. ft of living space.
