Geothermal energy is a type of renewable energy that encourages conservation of natural resources.
Based on recent prices, ground-source heat pumps currently have lower operational costs than any other conventional heating source almost everywhere in the world. In fact, a geothermal heat pump is amazingly 450% efficient.
Natural gas is the only fuel with competitive operational costs, but only in a handful of countries where it is exceptionally cheap, or where electricity is exceptionally expensive.
In general, a homeowner may save anywhere from 30% to 70% annually in heating costs, and 20% to 50% in cooling costs by switching from an ordinary system to a TERRASource DIY Geothermal ground-source system.
The lifespan of a TERRASource system is longer than conventional heating and cooling systems, too. With routine maintenance, a TERRASource system can last well over 50 years or more.
The investment in a TERRASource system above conventional oil, propane or electric systems may be returned in energy savings in 2–10 years for US residential systems. The payback period for large commercial systems in the US is 1-5 years, even when compared to natural gas. Most large and/or luxury homes require commercial-level geothermal systems.
TERRASource ground source systems are recognized as one of the most efficient heating and cooling systems on the market. So efficient in fact that Federal and State offer incentives of up to $10,000 to encourage and promote the usage of geothermal systems.
In some states, utility providers offer special, lower winter rates for geothermal customers, compounding even more savings. When you make a commitment to purchase a TERRASource DIY Geothermal system our Financial Experts will advise you on all the preparation of documents needed for submission to your local and Federal government so you promptly receive your rebates and get the most out of your investment.