Geothermal Savings Calculator

According to the Energy Information Administration, 59% of the average home's utilities (heating, cooling, water heating, appliances, etc.) is attributed to heating (39%), cooling (8%) and water heating (12%). With a GeoSystems geothermal heat pump system, you can save on all of these expenditures. Other geothermal heat pump manufacturers typically cannot cover the entire water heating usage with the heat pump as they will require gas or electricity to assist the heat pump in water heating mode.

The four cases shown below are examples of how much a typical homeowner might save on heating and cooling costs by switching to geothermal. Costs shown are for heating, cooling and hot water for a home of 2,700 square feet with average summer highs of 80F and average winter lows of 20F.*

Square Feet: 2,700
Current Fuel Source: Oil 
Average annual cost: $3,277
Geothermal annual cost: $805
Annual Savings ($):  $2,472
Annual Savings (%): 75%
Square Feet: 2,700
Current Fuel Source: Electric
Average annual cost: $3,096
Geothermal annual cost: $805
Annual Savings ($):  $2,291
Annual Savings (%): 74%
Square Feet: 2,700
Current Fuel Source: Natural Gas 
Average annual cost: $2,055
Geothermal annual cost: $805
Annual Savings ($):  $1,200
Annual Savings (%): 60%
Square Feet: 2,700
Current Fuel Source: Propane 
Average annual cost: $4,111
Geothermal annual cost: $805
Annual Savings ($):  $3,306
Annual Savings (%): 80%

 

FREE Geo$ense Energy Evaluation

For a detailed analysis of how much you could save with a GeoSystems geothermal heating and cooling system, request your FREE Geo$ense Energy Evaluation. Your analysis will include a recommended system that best suits your home, as well specific dollar savings on heating, cooling and water heating. See how your savings add up!

 

 

*Source: http://www.in.gov/oed/files/GHPProgramreport.pdf