2 Critical New Jersey Geothermal Heating and Cooling Considerations

1.     Starting Costs vs. Payback

There’s no getting around it: replacing your present HVAC system with a geothermal heating and cooling system is a costly proposition. Starting costs here in New Jersey tend to run anywhere from $10,000 to $30,000 – or higher. Lot size, site accessibility, system configuration, ground conditions, and other issues account for that. So too does the amount of excavation that must be done and what kind of ductwork modifications are necessary. And if you’re having a new home constructed? It’s not as budget-busting, overall, but it’ll still cost about 40 percent more than a more common HVAC system will cost you.

Okay, we’ve dispensed with the bad news. Let’s turn now to the good news. First, a variety of incentives and rebates may be offered at the federal, state and local level to help you out with installation costs. What’s more, the energy savings possible with your new geothermal heating and cooling system will help you begin to recoup your initial investment relatively soon. The upshot is, you could recoup your investment in as little as four years. But , then again: Local utility rates and the total cost of your installation may hold up full repayment for something like 15 years. Because geothermal systems often endure for upwards of 30 or 50 years, though, you’ll still be in good financial shape. You just have to calculate at the start what your finances can weather … and how patient you are.

2.     Geothermal Benefits Can Easily Outweigh Worries About Starting Costs

We’ll cite the top benefits:

  • Compared to traditional heating and cooling systems, geothermal heating and cooling could lop as much as 30 to 60 percent off your heating bills. And it could shrink your cooling costs by as much as 20 to 50 percent.
  • Geothermal systems use renewable energy – heat removed from the ground.
  • Geothermal heat pumps don’t run by combustion, so you’re not troubled by greenhouse gas emissions (carbon dioxide, carbon monoxide, etc.) and you have no fire safety or air quality concerns.
  • Given that no outdoor fans or compressors are necessary, geothermal heating and cooling systems run much quieter than typical, run-of-the-mill systems.
  • Since there are few moving parts and geothermal systems are protected from the elements, you’re assured many decades of low-maintenance, top-performance use. Indoor components may hang in there for about 30 years, ground loops, about 50.

Looking for further information on any of these matters in order to make a decision about your heating and cooling options? Visit the New Jersey geothermal specialists at Energy Smarts Mechanical. We’re glad to help, regardless of what you decide.