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Geothermal Frequently Asked Questions
What is a geothermal system?
Why should I consider installing/migrating to a geothermal heating/cooling system when a high-efficiency standard system works just fine?
Geothermal is recognized by the U.S. Environmental Protection Agency as the most environmentally safe, cost-effective heating and cooling system on the market. The installation of one geothermal system is the environmental equivalent to removing two cars from the street.
Investing in a geothermal system will increase your positive cash flow. Because it is environmentally friendly, the U.S. Government is currently providing up to a 30% savings in tax credits and rebates. Plus, geothermal systems have been proven to significantly reduce utility bills and annual system maintenance costs.
How does a geothermal system work to heat and cool my home or office?
A geothermal system is a series of interconnected loops that run from your home down through this temperate underground region. During the heating process, fluid such as water or antifreeze in the loops absorb heat from the earth and transfer it to a unit located in the home such as a conventional duct system or radiant heat system. For cooling, the same unit takes in hot air, and transfers it to the loop fluid, which journeys through the ground, is cooled, and returned to your home.
For a detailed diagram of this process see, including the variety of open and closed loop systems available, see how a Geothermal System Works.
Is it complicated to operate a geothermal system?
What does it take to install a geothermal system?
The complexity of installation varies, as it would with the installation of any new heating/cooling system. The most important thing to consider is space because ALL geothermal equipment resides inside the home. There is no external unit, which tends to be a benefit to homeowners as a geothermal system will not interfere with landscapes or require annual maintenance from suffering the wear and tear cause by changing weather conditions.
How much will installing a geothermal system cost?
To cover the initial installation costs, the U.S. Government is offering up to 30% in tax credits and rebates if you choose geothermal. Additionally, a geothermal system can be tied into your mortgage or other form of low interest financing option. You’ll instantly see market savings in your utility bills that will easily cover the increase in your loan payment and continue to provide savings for years to come.
View actual monetary comparisons of the average annual heating, cooling, and hot water costs between a geothermal system and a traditional system in New York.