Scott, Just as a point of reference, our 4,000 SF house in Indianapolis would have cost around $18,000 in 2008 to do a full geothermal system. With all the government spiffs I think our actual out of pocket was estimated at around $11,000.
Look closely at both the tax breaks both from Federal and state government. I know that in Indiana at the time you got a state property tax exemption as long as you lived in the house. Not a big spiff but a nice one. Our estimated monthly costs were supposed to be around $100 for either cooling or heating. This would have been significantly lower that what we were paying using a forced air furnace and 4.5 ton AC unit. The only reason we didn't do it was due to the wife getting laid off (twice!) Too precarious of a financial situation to invest the funds at the time. Otherwise we would have been all over it. I would add that we had a very competent HVAC guy who had done many of these systems and even had one in his own house. Dan Sent from my iPad > On Jan 22, 2015, at 5:32 PM, Scott Ritchey via Mercedes > <mercedes@okiebenz.com> wrote: > > Hey Don, > > Could you tell us more about your geothermal setup? Is it a closed loop > system? How big was the hole(s) (horizontal or vertical tubes)? How long > did the install take? What is your climate? What longevity do you expect > from the system? Would you do it again? There is a lot of information on > these systems but most of it comes from suppliers, not users. > > I have air-source heat pumps but supplement on cold nights with a propane > direct-vent fireplace. Propane prices just peaked here at $3.70 (so of > course they came and topped up my 500 gal tank!) but price is significantly > lower now. I like the ground-source idea but not sure I'll live here long > enough for it to pay off. Thanks. > > Scott > >> -----Original Message----- >> From: Mercedes [mailto:mercedes-boun...@okiebenz.com] On Behalf Of OK >> Don via Mercedes >> Sent: Thursday, January 22, 2015 3:34 PM >> To: Andrew Strasfogel; Mercedes Discussion List >> Subject: Re: [MBZ] Burnin' daylight >> >> That's what we found the first winter here, so we replaced the propane > heat >> with a geothermal heat pump, and the propane water heater with an electric >> one that gets excess heat form the heat pump. Our total energy bill was > one >> half of that years bill the next year. Even so, it will take 12-13 years > to break >> even with the geothermal installation. > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > All posts are the result of individual contributors and as such, those > individuals are responsible for the content of the post. The list owner has > no control over the content of the messages of each contributor. _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
