Geothermal Heat Pumps Make Sense for Homeowners

Geothermal Heat Pumps Make Sense for Homeowners:

On average, a geothermal heat pump system costs about $2,500 per ton of capacity, or roughly $7,500 for a 3-ton unit (typical residential size). In comparison, other systems would cost about $4,000 with air conditioning. When included in the mortgage, the homeowner has a positive cash flow from the beginning. For example, say that the extra $3,500 will add $30 per month to each mortgage payment. But the energy cost savings will easily exceed that added mortgage amount over the course of each year. On a retrofit, the GHP’s high efficiency typically means much lower utility bills, allowing the investment to be recouped in two to ten years.