We put a geothermal system into our house about four years ago. We are located in central Michigan. Ours was a retro fit, with a propane backup. We have an open loop system, where the water is drawn from the well, used to heat/cool, then discharged into the adjacent stream. Our system cost $13,000 installed, and I figure we save about $1,500-$2,000/year over just using propane for heat. That make it more like a 7-10 year payback. The best part is the cooling effect you get, the air conditioning is very efficient (we did not have air before) so if you factor in the cost of installing central air, the price looks a little better.
Our system has required almost no maintainence, and if I were building new, I would do it again.
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Today's Featured Article - The River Tractor - by Charlie English Jr.. This is a 4010 John Deere that was used to farm on the Diamond Island which is in the Ohio River about 15 miles southwest of Evansville, Indiana. About ten years ago, this tractor was parked close to the bank as the river was washing the bank of the island away.
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