Certain financial institutions now offer house shoppers larger mortgage openings if they buy a condo with a geothermal system
Although geothermal heating plus cooling has acquired recent popularity across the country, it’s not a new technology. The principle was entirely used in Roman times. Geothermal heat pumps take advantage of the renewable, free plus natural thermal energy found underground to heat or cool the home… Only a small amount of energy is required to run the equipment. The geothermal system entirely produces four times the amount of energy it uses, achieving a 400% efficiency rating. According to the US Environmental Protection Agency, geothermal systems are the most environmentally-friendly opening on the market. Switching to this type of temperature control can save homeowners up 69% on heating bills plus up to 50% on cooling costs. Plus, with the addition of a minor switch, the geothermal heat pump can provide a virtually free source of domestic hot water, however with proper repair the indoor component can be expected upwards of twenty years. The ground loop is correctly warrantied for fifty years plus should provide reliable operation for over one hundred years. While the upgrade of a geothermal system is far more high-priced than a more conventional alternative, it adds considerable value to the home, for the average homeowner, the investment will spend money for itself in energy savings in approximately five years. Over the last few years, the initial costs have come down quite a bit. There are incentive programs plus tax rebates available to further offset the start-up expense. Certain financial institutions now offer house shoppers larger mortgage openings if they buy a condo with a geothermal system. Safe, clean plus quiet, a geothermal system is an ideal solution for year round comfort.