papassion -> RE: Germany's power grid destabilizing (9/13/2013 1:10:59 PM)
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ORIGINAL: mnottertail Here in minnesota the electric company will finance you for geo and you get tax credits to boot, at little or no interest, you may have that option, worth a phonecall. Thanks, MN. Will look into that. I have a friend who put in geothermal heat/air conditioning. It cost him 32,000. There is no way to show this make economic sense. (when you do your calculations don't forget to show the loss of income that 32,000 could have earned per year in a good investment) If it saves 500/month on the electric bill, that's a pretty good rate of return. Almost 20%/year. Of course, you'd subtract the cost of your normal HVAC system from the 32K and come up with about 25K. then your saving $500/month comes to almost 25%/year. I have a worker who has an all electric home. His electric bill is about 250/month year round. Heat, light, air. We get cold weather in Johnstown, Pa and he has a fairly nice house. Geothermal works by running a compressor. They are efficient but imagine running your airconditioning compressor (big enough to cool the entire house) all day and night. Same thing. Geothermal is efficient but not free. How could he save 500/month if his bill was only 250/mo? I meant that even if the system worked for free, the most my worker could save was his 250/mo. And geothermal, at this stage, needs the compressor, etc replaced sooner than conventional furnaces.
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