Geothermal, a Wise Investment for Your Wallet
Most investments come with risks – stocks, buying a business, real estate. Wouldn’t it be great to recoup your initial investment and then experience financial benefits for decades?
Realtors can calculate the resale value of installing hardwood floors or upgrading bathrooms and the kitchen in your home. But what about the value of something you can’t see, and can only feel? Can you put a price tag on comfort? Probably not, because it’s priceless.
Home owners expect a properly cooled home in the summer and a warm home in the winter. This comfort is not an option, nor a visible upgrade like granite countertops or bamboo floors. However, your home can benefit from a high-quality, quiet, heating and cooling system that provides unmatched value to a traditional system.
With a geothermal heat pump system, the earth’s constant underground temperature is used to heat and cool your home. The equipment is installed underground, and inside the home. Since the system is protected from environmental factors, the equipment has an extended life. When installed properly, geothermal ground loops can last at least 50 years. Imagine saving about $500 a year in maintenance fees.
Depending on the size and location of your home, industry sources estimate that you could recoup the cost of installing your geothermal system in as little as three years. Plus, with this renewable energy source, you can reduce your utility expenses by 40-60%. That’s money in your pocket!
Since geothermal systems use electricity instead of fossil fuels, monthly fees are not affected by the rise (or fall) in fossil fuel prices. The government also recognizes the environmental impact from geothermal systems and has passed legislation for a 30% federal tax credit toward equipment and installation. You can also check with your local utility company for additional rebates and important savings opportunities.
The energy efficient geothermal technology saves you money every day. By using the constant temperature below the earth’s surface, your geothermal system doesn’t need to work as hard to heat and cool your home. It runs more efficiently than a traditional heating and cooling system so it costs less money. You can save up to 80% over your existing heating and cooling system costs!
If you’re considering an investment, look no further than your own yard. Install a geothermal system and start experiencing the rewards – for the environment, and for your wallet.
Do you know of another investment that makes you that comfortable?