Geothermal heating vs. electricity costs
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geothermal energyWindows
•Business
Business & Economics
Heating & Cooling with the Earth's Energy - A Smart Choice?
58% Informative
Matt Farrell explains how geothermal energy can be used to heat and cool your home.
Heating and cooling systems are an essential part of our homes, but it comes at a cost.
Geothermal systems have been in place since the 1940s , initially providing water heating, but with the technology's evolution have been used for different purposes.
Geothermal systems have some advantages that have raised interest for homeowners around the world.
These systems can provide significant savings for heating and cooling.
The high upfront installation cost is a major stumbling block, which ranges from $ 10,000 to $ 30,000 .
The residential sector has been a big booster of that and has accounted for 49.7% of the geothermal heat pump market.
The typical payback in savings in geothermal systems is around 8 to 10 years .
Government policies and incentives like tax credits and grants have been used to reduce the payback.
Dual source heat pumps can heat not just from the underground, but also from the air.
VR Score
54
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52
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0
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English
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40
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long-living
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