Geothermal Heating And Cooling Cost Per Month

That means over time your geothermal system begins to pay for itself.

Geothermal heating and cooling cost per month.

Beware of online geothermal heating and cooling system cost estimates. Most are far too low. Federal tax credits cushion your investment. By using the constant temperature below the earth s surface your geothermal system doesn t need to work as hard heating and cooling your home.

Julia s annual cooling load is 29 1 mmbtu and her cooling system had to pull 1996 kwh from the grid to keep up with the summer heat. Conventional forced air hvac systems cost about 3 000 per ton of heating or cooling capacity for a new house. If a home requires a 3 ton unit then it would cost about 7 500. An average geothermal heat pump costs between 1 500 to 2 500 per ton within dandelion s service territory which includes parts of new york state.

You ll save an estimated 500 per year in maintenance costs. Still geothermal remains king and in julia s case represented an annual savings of 30 on cooling costs. Awarded energy star most efficient designation. Geothermal heat pumps cost on average 2 500 per ton to install.

A small 2 ton heat pump system can cost around 5 000 for the pump and. Below is an example of a typical 2 500 square foot home in cortlandt ny with fuel oil and central air conditioning versus dandelion geothermal heating and cooling. According to the u s. Most homeowners pay around 15 000.

Home heating cooling costs. Most energy efficient dual capacity unit available. Geothermal systems start at about 5 000 per ton and can go as high as 7 500 or 9 000 per ton. Department of energy this system uses 25 to 50 percent less electricity than conventional systems.

A geothermal heat pump saves on heating and cooling costs. The 500a11 provides forced air heating air conditioning and even generates a portion of your home s hot water all from a single unit that offers a level of comfort and savings that s far greater than any ordinary system. Many quote us department of energy information that says an average geothermal heat pump system costs about 2 500 per ton of capacity. This home will save 1 581 or 47 of their total heating and cooling costs every year with geothermal.

While the precise heat pump size is dictated by the home s heating and cooling needs a standard single family 2 000 square foot home usually requires a 5 ton heat pump 7 500 to 12 500. The average national cost to install a geothermal heating and cooling system also known as ground source heat pumps gshp ranges between 7 000 30 000. Again with the cost of electricity in her area at around 0 10 per kwh that put her annual cooling. It runs more efficiently so it costs you less money up to 80 savings over your existing heating and cooling system costs.

Your average home equipped with a geothermal heat pump will save around 10 15 per month on heating and cooling costs and in many cases that percentage is much higher.