2 Major Lafayette Geothermal Heating and Cooling Considerations

1.     Front-End Costs vs. ROI

It’s an unassailable fact: replacing your current HVAC system with a geothermal heating and cooling system is a costly proposition. Initial costs here in Lafayette can run anywhere from $10,000 to $30,000 – or above. Lot size, site accessibility, system configuration, ground conditions, and other considerations]17] come to bear on it. So too does the amount of excavation that has to be done and what sort of ductwork modifications are necessary. And if you’re having a new home constructed? It’s not as expensive, usually, but it’ll still cost around 40 percent more than a more common HVAC system will cost you.

Okay, you wanted the bad news first. Now, for the good news. First off, various incentives and rebates may be obtainable at the federal, state and local level to help you bear the installation costs. Also, the energy savings achievable with your new geothermal heating and cooling system will start paying back your initial investment almost immediately. The upshot is, you could recoup your investment in as little as four years. But understand: Local utility rates and the end cost of your installation may prevent full repayment for something like 15 years. Since geothermal systems frequently endure for upwards of 30 or 50 years, though, you’ll still make out all right. You just have to determine early on what your finances can withstand … and how patient you are.

2.     Geothermal Benefits Can Easily Outweigh Any Anxieties About Starting Costs

Allow us to itemize the major benefits:

  • Compared to more familiar heating and cooling systems, geothermal heating and cooling could clip as much as 30 to 60 percent off your heating bills. And it could shrink your cooling costs by as much as 20 to 50 percent.
  • Geothermal systems use renewable energy – heat extracted from the ground.
  • Geothermal heat pumps don’t operate by combustion, so you’re not troubled by greenhouse gas emissions (carbon dioxide, carbon monoxide, etc.) and you have no fire safety or air quality concerns.
  • Given that no outdoor fans or compressors are required, geothermal heating and cooling systems run much quieter than common systems.
  • Since there are few moving parts and geothermal systems are protected from the elements, you’re pretty much guaranteed many decades of low-maintenance, top-performance use. Indoor components may last about 30 years, ground loops, about 50.

Need a bit of clarification on any of these points in order to make a decision about your heating and cooling options? Consult with the Lafayette geothermal experts at Korschot's Heating and Air. We’re happy to help, no matter what you decide.