Reasons to Install a Geothermal HVAC System
Although everyday necessities are getting more expensive, you can have more control over the energy you use in your home. A geothermal system is a great way to lower your heating and cooling bills while minimizing your carbon footprint. Here are four reasons why now is the perfect time to install a geothermal system in your home.
1. Energy costs are rising
According to the US Energy Information Administration (EIA), it's estimated that heating and cooling the average home has increased by nearly 30% in 2022. Many factors contribute to rising costs, including the fact that oil prices have doubled. With a geothermal heat pump system, you don't have to worry about the rising cost of fuel sources because energy comes from the ambient air in the ground — a free, renewable resource.
2. Increased awareness of indoor air quality
More people are becoming increasingly concerned about their homes' indoor air quality. Traditional heat sources like gas-powered, forced-air systems like furnaces can emit carbon monoxide, a deadly gas with no odor linked to decreased indoor air quality and potential fatalities. Geothermal systems don't burn oil, propane, or gas.
3. Increased home value
Today's homebuyers are interested in buying properties that use sustainable and renewable power sources. In fact, according to a recent study published by Green Business Bureau, 82% of buyers said they would pay a premium price for a home with sustainable features. If you're planning to sell your house shortly, installing a geothermal system will add immediate value and make it more attractive to prospective buyers.
4. Tax incentives
The federal government is incentivizing geothermal installations through 2032. The program gives homeowners a 30% tax credit when they install a geothermal system. This tax credit helps make it more affordable for you to install a system that can cost anywhere from $18,000 to $45,000. Many homeowners will finance their new geothermal system, obtain the tax credit, and use the money they get back to pay down their financed amount. The pros at Burgeson's Heating, A/C, Electrical, Solar & Plumbing can help homeowners in Redlands, CA and the surrounding areas understand how federal tax incentives work and provide more information about state and local incentives, too.
How do I know if a geothermal system will work in my house?
Nearly every property is a candidate for a geothermal system, but the type of system might vary. For example, houses built on large parcels of land are great candidates for a horizontal loop system. However, homes in subdivisions where yard space is limited need vertical loop installation.
The best way to determine the system that will work for your home and learn about energy-efficient alternatives is to reach out to a local geothermal heat pump expert. For more information about the benefits of geothermal heating and cooling, follow TheHomeMag on Facebook or Instagram.
