2 Key Greater Cincinnati Geothermal Heating and Cooling Considerations

1.     Initial Costs vs. ROI

There’s no avoiding it: replacing your existing HVAC system with a geothermal heating and cooling system is an expensive proposition. Starting costs here in Greater Cincinnati tend to be anywhere from $10,000 to $30,000 – or more. Lot size, site accessibility, system configuration, ground conditions, and other issues have a say in it. So too does the amount of excavation that must be done and what sort of ductwork modifications are needed. And if you’re having a new home constructed? It’s not as expensive, generally, but it’ll still cost roughly 40 percent more than an ordinary HVAC system will cost you.

Okay, that’s the bad news. And, yes, there is some good news. To begin with, certain incentives and rebates may be available at the federal, state and local level to help you bear the installation costs. Second, the energy savings possible with your new geothermal heating and cooling system will help you begin to recoup your initial investment almost immediately. So you could recoup your investment in as little as four years. But understand: Local utility rates and the final cost of your installation may delay full repayment for as long as 15 years. Seeing as how geothermal systems frequently keep working for upwards of 30 or 50 years, though, you’ll still come out ahead. You merely have to decide early on what your finances can bear … and how patient you are.

2.     Geothermal Benefits Can Easily Outweigh Worries About Up-Front Costs

We’ll enumerate the major benefits:

  • Compared to standard heating and cooling systems, geothermal heating and cooling could nick as much as 30 to 60 percent off your heating bills. And it could minimize your cooling costs by as much as 20 to 50 percent.
  • Geothermal systems use renewable energy – heat taken from the ground.
  • Geothermal heat pumps don’t operate by combustion, so there are no greenhouse gas emissions (carbon dioxide, carbon monoxide, etc.) and no fire safety or air quality concerns.
  • Given that no outdoor fans or compressors are necessary, geothermal heating and cooling systems operate much quieter than ordinary systems.
  • Since there aren’t many moving parts at all and geothermal systems are shielded 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.

Looking for a little clarification on any of these points in order to make a decision about your heating and cooling options? Talk with the Greater Cincinnati geothermal experts at Bill Spade Electric, Heating & Cooling. We’re happy to help, regardless of what you decide.