FAQ – Savings

How will I save money with a GSHP?

GSHPs save money, both in operating costs and maintenance costs. Investments can be recouped in as little as three years. There is a positive cash flow, since the energy savings usually exceeds payment on the system.

How much does a GSHP cost?

The initial investment for a GSHP 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.

What other costs are there besides the GSHP system?

You can expect an installation charge for any electrical work, ductwork, water hook-up, and other provisions or adaptations to your home that are required. Your installer can estimate these costs in advance.

How would increased use of GSHP systems affect electricity cost and availability?

The reduced peak load requirements would allow utilities to serve more customers and to lower fixed costs per customer, thus offsetting some increased variable costs. This would result in less cost per kilowatt, since fixed investment for new capacity is high.

Does my state offer any incentives for installing a GSHP system?

Some utilities offer rebates or incentives to their customers who purchase GSHPs. To see what your state has to offer click here.