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Nowadays, the homeowners are taking the help of the best renewable energy consulting firms to save on their energy costs. They are also reaping the benefits of the abundant geothermal heat for efficient heating and cooling their homes by installing the advanced heating and cooling systems. This incredible technology helps them to reduce the utility bills near about 50 percent. It helps them to do 30 to 60% savings on the heating and 25 to 50% savings on cooling within three years. Although its cheap alternative for the cooling and heating homes, it needs the power to run. So if you install an inefficient geothermal heat pump, you may get an increase in your power bills.
What is Geothermal Energy?
The term geothermal originates from the Greek word ‘geo’ that means earth and ‘thermal’ means heat. Together it means the heat from the earth. It was formed by the decay of the forests, radioactive elements, and minerals a few years ago.
Benefits:
This green energy source does not emit any greenhouse gases that are deadly to the environmental and human health. In ancient times, it is used for heating and bathing purposes, but today it is also used for producing electricity. This energy is clean, sustainable, and produced without burning fossil fuel such as gas, coal, or oil. You can trap the earth energy almost anywhere with the help of direct use applications and geothermal heat pumps.
The resources of this energy range from the hot water to shallow ground to hot rock found few miles beneath the surface of the earth. As you know the crust of earth continually decays to recharge the heat, so it’s still a green energy source. You can install the geothermal energy systems to extract hot water from the hot water reservoir below the surface of the earth, and convert this warm water into steam to direct the turbine. The only downside of the geothermal energy is that it is expensive to build.
How Much Does Geothermal Heating and Cooling System Cost?
Geothermal heating and cooling system installation is more complicated and high cost in comparison to an air source heating system. But the benefits it offers are endless. Its cost depends on many different variables. However, when it comes to the initial cost, you need to consider the system size, type, drilling conditions, and labor cost. The ground loop is the most expensive and the rates are between $1,000 and $3,000 per installed ton for a ground loop. The total price of these systems for the small-scale commercial use and homes ranges $10,000 to $25,000.
Geothermal System Maintenance
As you know, geothermal systems have less movable parts sheltered inside the building, so the lifespan of the geothermal heat pump systems is exceptionally high. The heat pump pipes have warranties between 25 to 50 years. However, the pulp can typically last for a minimum of twenty years.
Conclusion:
Geothermal heat pumps have been with humans around for more than half a century. You can use this technology for heating or cooling purposes because it has high efficiency in comparison to the furnaces, electrical heating, or air source heat pumps. It also reduces your carbon footprint and helps you save money. The best part of these pumps is that you can install them anywhere. As you know that 40% of your home’s energy comes from the HVAC systems, so it’s the best time to use this green energy source. Alternatively, hire the leading green energy consultancy to cut down your power bills.