Geothermal heating system price varies depending on the type of loop system, usually either vertical or horizontal. On average, a typical home of 2500 square feet, with a heating load of 60,000 BTU and a cooling load of 60,000 BTU will cost between $20,000 to $25,000 to install.
An average home needs 3 tons of heating capacity, and the average cost of a geothermal system is at least $2,500 per ton of capacity. Generally, for each ton of capacity, air source heat pumps are about $3,000 less to install than geothermal heat pumps. Thank you for allowing QualitySmith to assist you. Come back and see us again soon! Despite rising popularity, sticker shock is still a frequent reaction upon seeing the cost of geothermal installation. Geothermal heat pumps are usually somewhere between $11,000 and $30,000. NEXT STEP. Find out how much your project will cost. Provide a few details about your project and receive competitive quotes from local pros. The average national cost to install a geothermal heating or cooling system is $5,745, with most homeowners spending between $3,534 and $11,089. The installation of a geothermal heating and air conditioning system will pay for itself after two to 10 years. The exact payback time depends on several factors including current utility rates, how energy efficient the rest of the home is and how much energy the home typically uses for heating and cooling purposes. Geothermal heating system price varies depending on the type of loop system, usually either vertical or horizontal. On average, a typical home of 2500 square feet, with a heating load of 60,000 BTU and a cooling load of 60,000 BTU will cost between $20,000 to $25,000 to install. Homeowners can now receive a federal tax incentive equal to 30% the cost of a qualified geothermal heat pump system. See our System Pricing for more information. The design and installation of geothermal systems are not do it yourself projects and therefore require the services of a professional. Renewable Energy Vermont estimates the cost of the above ground geothermal components at $3,800 to $5,000 per ton of capacity at the time of publication, plus $1,500 to $2,000 per ton for the underground portion of a typical geothermal system. Geothermal heating systems offer a whopping 300 to 600 percent efficiency rating, which can save you money on energy bills while helping to ease your impact on the environment. Despite the efficiency and potential savings associated with these systems, many buyers may be deterred by the high up-front cost of geothermal. According to the United States Department of Energy the average cost of a geothermal heat pump system is $2,500 per ton. The agency goes on to say that the average residential property is going to require a unit of three tons to supply their needs. This translates to a $7,500 cost for the system. This same agency also states that because of the technical knowledge and equipment needed to properly install the piping, a GHP system installation is not a do-it-yourself project 1 CostHelper readers report spending $12,000-$15,000 for complete installation of a geothermal system, at an average cost of $13,400; and a reader in Iowa spent $35,000 to install three geothermal units (one for each floor of a 6,500-square-foot barn which was converted into a bed and breakfast).  Fact 2: The upfront costs are scary. Let’s not sugarcoat it—installing a geothermal system is expensive. It costs $10,000 to $30,000 depending on your soil conditions, plot size, system configuration, site accessibility and the amount of digging and drilling required. For a typical 2,000-sq.-ft. home, a geothermal retrofit ranges from $10,000 to $20,000. The system may require ductwork modifications along with extensive excavation. In a new home, installation costs would be on the lower end. Even so, a geothermal system will cost about 40 percent more than a traditional HVAC system Because of the upfront cost for installing geothermal heat pump systems, it is very common to finance these systems. Monthly payments for financing a geothermal system are very reasonable and can actually save a homeowner money as soon as the system is installed. Two examples of financing are listed below. Homeowners can now receive a federal tax incentive equal to 30% the cost of a qualified geothermal heat pump system. See our System Pricing for more information. The design and installation of geothermal systems are not do it yourself projects and therefore require the services of a professional. If you're thinking about installing a geothermal system, the initial cost is certainly one of the factors that plays a role in the decision-making process. Although geothermal heating and cooling will probably save you money in the long run, it is more expensive than conventional systems.  This is around double the cost of a conventional heating, cooling, and hot water system, but geothermal heating/cooling systems can reduce utility bills by 40% to 60%. The payback for a system can range from 2-10 years, while the lifetime of a system can be 18-23 years, almost double a conventional system. Homeowners can now receive a federal tax incentive equal to 30% the cost of a qualified geothermal heat pump system. See our System Pricing for more information. The design and installation of geothermal systems are not do it yourself projects and therefore require the services of a professional.
http://www.qualitysmith.com/request/articles/articles-hvac/geothermal-heat-pump-cost/ http://www.homeadvisor.com/cost/heating-and-cooling/install-a-geothermal-heating-or-cooling-system/ http://energyhomes.org/renewable%20technology/geoinstallation.html http://www.ehow.com/about_7516279_much-geothermal-heating-cost-install.html http://www.fixr.com/costs/geothermal-heat-installation http://home.costhelper.com/geothermal-heat-pump.html http://www.familyhandyman.com/heating-cooling/5-things-to-know-about-a-geothermal-heat-pump/view-all http://energyhomes.org/renewable%20technology/geoinstallation.html http://www.geothermalgenius.org/thinking-of-buying/average-cost-of-geothermal-heat-pump-installation.html http://energyhomes.org/renewable%20technology/geoinstallation.html
geothermal cost to install