Geothermal systems have been gaining popularity in recent years as awareness of their benefits has increased. The answer to the question of whether geothermal saves money is an unequivocal yes! According to the US Environmental Protection Agency, homeowners who use geothermal heating and cooling systems can save between 30-70% on heating expenses and 20-50% on cooling expenses when compared to conventional systems. These are significant savings that could translate into up to $1500 per year. Here are some of the reasons why:
Geothermal systems are incredibly efficient as they use the constant temperature of the earth to heat and cool homes. This means they require less energy to run, resulting in lower energy bills.
Unlike traditional HVAC systems that burn fossil fuels to generate heat, geothermal systems do not have combustion inside the house. Therefore, there is no risk of carbon monoxide poisoning or explosions.
Geothermal systems have a lifespan of up to 25 years, which means less maintenance and replacement costs for homeowners.
Geothermal systems can also increase the value of a home as they are considered a desirable feature that can make a property more attractive to potential buyers.
Overall, the evidence is clear that geothermal systems can lead to significant savings on energy bills while providing reliable heating and cooling solutions. This is why they are becoming increasingly popular as an eco-friendly and cost-effective alternative to conventional HVAC systems.