Posted by JD Seller on July 13, 2016 at 14:42:13 from (208.126.198.123):
In Reply to: OT Heat pump posted by Fred Werring on July 13, 2016 at 11:21:23:
The pay back time on the geothermal really depends on your age and how much temperature change the system will have to handle. Meaning how much heat or cooling the system has to do. The systems seem to cool easier than they heat. In really cold areas they do not seem to have the real life saving that the systems are supposed to provide. In warmer areas they seem to cool well and the energy saving seems to be closer to what they manufactures claim.
I looked long and hard at one for the farm house. I even had a well that was not longer used for water (high nitrates as it was not very deep but would carry the geothermal system) The pay back from energy savings was over 25 years. This is assuming just regular maintenance not major components failing. So in my case I decided to just go with a propane furnace and central AC unit. The cost was about 40% of what the geothermal unit would have been if you had to lay the lines or drill a well. Even with me having a well it would have doubled the cost of the system we installed.
A big factor is your electric cost. The farm is on Alliant and the electric is about 10-15% higher than REAs electric cost. MY oldest son put ina Geothermal and since he is on REA his payback time was around 15 years. It made since for him.
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