2 Major Richmond Geothermal Heating and Cooling Considerations

1.     Front-End Costs vs. ROI

You can’t avoid it: replacing your current HVAC system with a geothermal heating and cooling system is a pricy proposition. Starting costs here in Richmond tend to be anywhere from $10,000 to $30,000 – or above. Lot size, site accessibility, system configuration, ground conditions, and other issues come to bear on it. So too does the amount of excavation that must be done and what sort of ductwork modifications are required. And if you’re building a new home? It’s not as expensive, normally, but it’ll still cost approximately 40 percent more than a conventional HVAC system will cost you.

Okay, that’s the bad news. And, yes, there is some good news. First, a variety of incentives and rebates may be accesable at the federal, state and local level to help you bear the installation costs. Next, the energy savings possible with your new geothermal heating and cooling system will start paying back your initial investment right away. 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 slow full repayment for, oh, say 15 years. Given that geothermal systems frequently last for upwards of 30 or 50 years, though, you’ll still be in good financial shape. You merely have to calculate sooner rather than later what your finances can weather … and how patient you are.

2.     Geothermal Benefits Can Easily Override Concerns About Front-End Costs

Allow us to rattle off the most important benefits:

  • Compared to ordinary heating and cooling systems, geothermal heating and cooling could cut as much as 30 to 60 percent off your heating bills. And it could decrease 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 work by combustion, so there are no greenhouse gas emissions (carbon dioxide, carbon monoxide, etc.) and no fire safety or air quality concerns.
  • Since no outdoor fans or compressors are necessary, geothermal heating and cooling systems are much quieter than conventional systems.
  • Since there aren’t many moving parts at all and geothermal systems are protected from the elements, you’re assured many decades of low-maintenance, top-performance use. Indoor components may last about 30 years, ground loops, about 50.

Want a bit of clarification on any of these issues in order to make a decision about your heating and cooling options? Visit the Richmond geothermal pros at DeltaTemp. We’re glad to help, whatever you decide.