Note:Each property we evaluate is different. So to determine your potential savings please contact us at 631-771-5152 and request a FREE CONSULTATION.
GEOTHERMAL SAVINGS
The savings from a geothermal HVAC system depend on many factors and can vary substantially from property to property. As a general rule, the best candidates for geothermal are: 1) New construction, 2) Customers planning on adding central air conditioning, 3) Customers who are renovating/expanding and plan on upgrading their heating/cooling systems.
These candidates have a choice: To buy a traditional system or a geothermal system. Although a geothermal system typically costs more upfront, increased efficiency makes it much less expensive to operate. The following is an example of a comparison between the two choices for a sample new 2,800 square foot home. This is presented for comparison purposes and you must call for a specific quote for your project – prices will vary.
Traditional
Gas Boiler &
Central Air
Geothermal
Heating &
Cooling System
Initial Investment
$25,000
$42,500
LIPA Rebate
($1000)
Net Investment
$25,000
$41,500
Federal Tax Credit (30%)
-0-
($12,450)*
Net Cost after rebates and credits
$25,000
$29,050
Increased Up Front
Investment
-0-
$4,050
Annual Operating Cost
$6,000
$3,750
Annual Savings
$0
$2,250
Annual Return on
Investment**
n/a
55%
*We are not tax advisors. Contact your tax advisor to determine if these credits apply to you.
**Annual savings divided by the increased investment
GreenLogic is working towards offering this product directly to our clients. However, at present, GreenLogic partners with outside contractors who work directly with clients to provide this solution.
