However, when placed properly, the loop field won’t require much if any maintenance or repairs for a lifetime, and it will continue to provide savings and efficient performance long after you’ve left the home. The loop requires specialized digging of some sort, be it drilling vertical wells, horizontal boreholes, or trenching. Being the main form of heat exchange, the loop is the defining feature of a geothermal heat pump and the main source of the savings that homeowners with geothermal experience. We surveyed dozens of geothermal installers and found the average percentage of the total cost that each portion of a geothermal system installation consumes.Īs you can see, the most cost-intensive parts of the geothermal puzzle are the loop system and the equipment. When talking about a significant purchase like this, it’s important to know the breakdown of where your investment is going.
While you may have purchased a traditional system for your home before, geothermal systems have components that are totally foreign to anything involved with a conventional AC and furnace installation. Geothermal Heat Pump Installation Cost Breakdown We’ll go into greater detail on what’s available later on! For now, know that these incentives could save you thousands on your installation. While all geothermal systems that meet Energy Star requirements are eligible for the federal tax credit, other local and state entities often offer lucrative incentives for renewable energy technologies. The size of your home, type of insulation, windows, soil composition, zoning needs, and existing ductwork quality are just a few of the factors that change the amount you’d be quoted from an installer.Īnother factor that can massively impact your total investment is available incentives. The average above is based on a home that’s around 2,500 square feet with decent insulation. Now, for a bit of a disclaimer: Costs will vary widely based on a huge number of factors. For a solution that handles heating, cooling, and at least a portion of your hot water needs, the average starting investment for a geothermal heating and cooling system ranges between $18,000 to $30,000 for this all-in-one solution.
While it's easy to research all of geothermal's benefits (savings, efficiency, comfort, and more), it's a much more difficult task to learn about the true costs involved when installing this technology, and where your money is going when you do decide to invest! Let's break down what a geothermal heating and cooling system could cost you.īy far the most common question that we’re asked is, “How much is this going to cost me?” In the quest to learn more about geothermal it can be difficult to find all the information you need to form an educated opinion.
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