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 - Restoration Story: 1929 McCormick-Deering 10-20 - by Randal Simmon. On July 4th 1998 my dad and I was sitting on the front porch when he said that he was going to sell his two 10-20's to a junk man. He said that the junk man was going to give him $500 for both of them but he hadn't received the money for them yet. So I went into the house and wrote him a check for $500 and bought them myself and said now they are mine. He had bought them about five years before thinking that he was going to restore them himself. After five years sitting in the barn, he changed h
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