woodzy
Well-known member
I’m going to toss this up for discussion because I’m not sure how long payback would be on a geothermal system. And I want other to understand what costs are involved with geothermal.
Here is some history.
I just had a new house built and I have plenty of room for coils in my lot (3 acres). When I asked the contractor to quote a Geothermal option, it was an addition $13,000 over the natural gas furnace.
Some details:
House is 2230 square foot ranch, very well insulated, full basement (not finished) and 2x4 walls. Installed in the house was a 60,000 96% Natural Gas Furnace. When we had temperatures below 0°F, the furnace had not issues keeping the house at 72° and I would say the furnace didn’t really need to run ½ the time.
A co-worker of mine built about the same size house as this a few years ago and he installed Geothermal but his Electric Company give him a discounted rate for his energy consumption for this system. His charge for Kilowatt is about .07 cents per kilowatt hour once you figure in all taxes..
Now the facts and figures:
My natural gas for the past 30 days amounted to $113.00. This includes furnace, hot water heat, and range/oven, dryer.
My co-worker bill for only the geothermal system was $310 which in my utility rates would be closer to $630 since they won’t discount for geothermal.
Now, I realize that if you don’t have access to natural gas and only propane, maybe Geothermal is the way to go but I don’t see a payback using it for heating. I also understand that A/C is almost free (except of the power to run the pumps) but until I have an official summer electrical bill, I cannot confirm how much the electrical for just the A/C would be. Maybe they should have a hybrid system with a natural gas for heating and Geothermal for cooling.
Opinion
I think this Geothermal idea is plausible if you are in an area where you only have electric, and you want to feel good about not using the planets resources (even though they are used in the generation of electricity). The additional cost of the geothermal system in my situation would never pay for itself, and I’m pretty sure it would cost me a lot more in the long haul. Just the additional $13,000 would make this upside down without even comparing electricity to run this system.
Here is some history.
I just had a new house built and I have plenty of room for coils in my lot (3 acres). When I asked the contractor to quote a Geothermal option, it was an addition $13,000 over the natural gas furnace.
Some details:
House is 2230 square foot ranch, very well insulated, full basement (not finished) and 2x4 walls. Installed in the house was a 60,000 96% Natural Gas Furnace. When we had temperatures below 0°F, the furnace had not issues keeping the house at 72° and I would say the furnace didn’t really need to run ½ the time.
A co-worker of mine built about the same size house as this a few years ago and he installed Geothermal but his Electric Company give him a discounted rate for his energy consumption for this system. His charge for Kilowatt is about .07 cents per kilowatt hour once you figure in all taxes..
Now the facts and figures:
My natural gas for the past 30 days amounted to $113.00. This includes furnace, hot water heat, and range/oven, dryer.
My co-worker bill for only the geothermal system was $310 which in my utility rates would be closer to $630 since they won’t discount for geothermal.
Now, I realize that if you don’t have access to natural gas and only propane, maybe Geothermal is the way to go but I don’t see a payback using it for heating. I also understand that A/C is almost free (except of the power to run the pumps) but until I have an official summer electrical bill, I cannot confirm how much the electrical for just the A/C would be. Maybe they should have a hybrid system with a natural gas for heating and Geothermal for cooling.
Opinion
I think this Geothermal idea is plausible if you are in an area where you only have electric, and you want to feel good about not using the planets resources (even though they are used in the generation of electricity). The additional cost of the geothermal system in my situation would never pay for itself, and I’m pretty sure it would cost me a lot more in the long haul. Just the additional $13,000 would make this upside down without even comparing electricity to run this system.
They've got one big exhaust stack . . . basically they are being forced to put "DEF tailpipe" on coal plant, just like diesel trucks now have. That surely won't take a rocket scientist !!