6 Benefits Of Geothermal Heat Pumps: All This And Tax Credits, Too
Over a million Americans have now installed geothermal heat pumps in their homes. Every year, more than 60,000 new residences get them. Geothermal exploits the unvarying latent heat of the earth just a few feet below ground level to warm your home in winter and act as a heat sink to disperse heat extracted from the home in summer. This free source of energy saves as much as 70 percent on heating expenses and cuts cooling costs in half.
The savings don’t end there. A 30 percent federal tax credit on the cost of buying and installing a geothermal system has been extended until the end of 2016. A credit takes money off the top of your tax obligation and puts it back in your pocket.
Here are six other benefits of installing a geothermal heat pump system in your home:
- Superior efficiency. While gas-fired heating offers AFUE (annual fuel utilization efficiency) ratings that peak at 98, a geothermal heat pump delivers efficiencies above 300 percent.
- Noise reduction. Because a geothermal system doesn’t include the high decibels of an outdoor condenser/compressor like a standard unit, your backyard is quieter and you (and your neighbors) are happier.
- A cleaner environment. Recognized as the most environmentally benign technology to heat and cool a residence, geothermal doesn’t emit greenhouse gases like carbon dioxide.
- Greater safety. Geothermal produces no combustion so there’s no open flame, high temperature or potentially deadly carbon monoxide in your home.
- Long service life. Heat pump technology is straightforward and long-lasting. A typical model will last at least 15 years and the buried tubing that extracts heat from the ground in your property is guaranteed for up to 50 years.
- Return on investment. Energy savings from a geothermal heat pump begin on day one, gradually offsetting the cost of investing in the system. The payback period varies according to your location, the soil condition available for geothermal loops and the length of the heating season.
Comfort Systems offers cutting-edge heating and cooling technology to Wichita area homeowners. Call us for more details about upgrading to clean, energy-saving geothermal heat pumps.
Our goal is to help educate our customers in Wichita, Kansas about energy and home comfort issues (specific to HVAC systems). For more information about geothermal heat pumps and other HVAC topics, download our free Home Comfort Resource guide.