2 Major Indianapolis Geothermal Heating and Cooling Considerations

1.     Front-End Costs vs. ROI

You can’t get around it: replacing your present HVAC system with a geothermal heating and cooling system is an expensive proposition. Up-front costs here in Indianapolis can be anywhere from $10,000 to $30,000 – or above. Lot size, site accessibility, system configuration, ground conditions, and other factors account for that. So too does the amount of excavation that has to be done and what type of ductwork modifications are required. And if you’re having a new home constructed? It’s not as pricy, usually, but it’ll still cost around 40 percent more than a more common HVAC system will cost you.

Okay, we’ve dispensed with the bad news. Let’s concentrate now on the good news. To begin with, various incentives and rebates may be offered at the federal, state and local level to assist you with installation costs. What’s more, the energy savings achievable with your new geothermal heating and cooling system will start paying back your initial investment relatively quickly. The upshot is, you could recoup your investment in as little as four years. But be forwarned: Local utility rates and the total cost of your installation may slow full repayment for as much as 15 years. Given that geothermal systems usually last for upwards of 30 or 50 years, though, you’ll still come out ahead. You just have to calculate sooner rather than later what your finances can withstand … and how patient you are.

2.     Geothermal Benefits Can Easily Outweigh Any Anxieties About Front-End Costs

Let us tick off the most significant benefits:

  • Compared to more familiar heating and cooling systems, geothermal heating and cooling could nick 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 removed 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.
  • Because no outdoor fans or compressors are needed, geothermal heating and cooling systems run much quieter than common systems.
  • Since there are so few moving parts and geothermal systems are shielded from the elements, you’re assured many decades of low-maintenance, top-performance use. Indoor components may hold up for about 30 years, ground loops, about 50.

Looking for a bit of clarification on any of these matters in order to make a decision about your heating and cooling options? Talk with the Indianapolis geothermal experts at Bassett Services Inc.. We’re happy to help, regardless of what you decide.