How Much Does It Cost

A residential geothermal heat pump system is a heating and cooling system that makes use of heat stored beneath the ground. These geothermal heat pumps are being used in many households as another great way for homeowners to save money on energy costs.

How much does a geothermal heat pump cost?

The initial cost of having a geothermal heat pump installed is usually around two to three times what you will pay for the installation of a conventional heating system. In case you want to have your current house installed with a geothermal heat pump, a heat pump installer can assess whether existing ductwork can be used for the heat pump or modifications in the ductwork have to be made. Factors that will affect the cost of your heat pump installation include the age of your home, its insulation characteristics, the size of the living area, the location of your home, and the geology of the area. For new construction, mechanical air exchange and proper ductwork design are also considered in computing the initial cost of installing a geothermal heat pump system.

Although the initial installation of a residential geothermal system is more costly than that of conventional heating or cooling systems, you'll still save some money in the long run as geothermal heat pumps use a lot less energy. In fact, these heat pumps are 50% to 70% more efficient in heating and 20% to 40% more efficient in cooling than other systems.