The initial cost of a geothermal system can be higher than a conventional HVAC system. However, the systems typically pay for themselves over time with energy savings. In order to get an accurate comparison of overall costs you need to consider several factors:
- Return On Investment or ROI – The length of time it takes to recover the difference in costs, factoring in the monthly savings between the two systems. Payback for most geothermal systems runs between 3-5 years, while the systems can last well over 50 years and add substantial equity / value to your property.
- Federal, state and local tax credits, rebate programs, and incentives can significantly reduce the upfront cost of installing a geothermal system.
- Take a look at ClimateMaster’s geothermal savings calculator to see how much geothermal can save you on your monthly energy bills
Return On Investment or ROI – The length of time it takes to recover the difference in costs, factoring in the monthly savings between the two systems. Payback for most geothermal systems runs between 3-5 years, while the systems can last well over 50 years and add substantial equity / value to your property.
Federal, state and local tax credits, rebate programs, and incentives can significantly reduce the upfront cost of installing a geothermal system.
Take a look at ClimateMaster’s geothermal savings calculator to see how much geothermal can save you on your monthly energy bills