GeoThermal Heating & Cooling in Cleveland, Ohio
Kreyman Quality Heating & Cooling is one of the regions most knowledgeable GeoThermal heating and cooling professionals that can install and service Geothermal units in Cleveland, Ohio. Kreyman Quality Heating & Cooling can install Geothermal heating in any existing home, new construction, or commercial site. Our staff has the tools and expertise for you to benefit from GeoThermal heat and enjoy the dramatic savings on your utility costs. GeoThermal heaters absorb heat from the ground, then store the heat, then pump it out to the blower unit. Since there are no harmful gases burning you can rest easily at night knowing your GeoThermal heater is one of the most safe and efficient heating units money can buy.
Geothermal heat pumps save money in operating and maintenance costs. While the initial purchase price of a residential GHP system is often higher than that of a comparable gas-fired furnace and central air-conditioning system, it is more efficient, thereby saving money every month. For further savings, GHPs equipped with a device called a "desuperheater" can heat the household water. In the summer cooling period, the heat that is taken from the house is used to heat the water for free. In the winter, water heating costs are reduced by about half.
Geothermal Heating & Cooling Cost
On average, a geothermal heat pump system costs about $2,500 per ton of capacity, or roughly $7,500 for a 3-ton unit (a typical residential size). A system using horizontal ground loops will generally cost less than a system with vertical loops. In comparison, other systems would cost about $4,000 with air conditioning.
Although initially more expensive to install than conventional systems, properly sized and installed GHPs deliver more energy per unit consumed than conventional systems.
And since geothermal heat pumps are generally more efficient, they are less expensive to operate and maintain - typical annual energy savings range from 30% to 60%. Depending on factors such as climate, soil conditions, the system features you choose, and available financing and incentives, you may even recoup your initial investment in two to ten years through lower utility bills
But when included in a mortgage, your GHP will have a positive cash flow from the beginning. For example, say that the extra $3,500 will add $30 per month to each mortgage payment. The energy cost savings will easily exceed that added mortgage amount over the course of each year.
There may be a number of special financing options and incentives available to help offset the cost of adding a geothermal heat pump (GHP) to your home. These provisions are available from federal, state, and local governments; power providers; and banks or mortgage companies that offer energy-efficient mortgage loans for energy-saving home improvements. Be sure the system you're interested in qualifies for available incentives before you make your final purchase.
To find out more about financing and incentives that are available to you, visit the Database of State Incentives for Renewable Energy (DSIRE) Web site. The site is frequently updated with the latest incentives. You should also check with your electric utility and ask if they offer any rebates, financing, or special electric rate programs.
Geothermal Financing & Incentives
- Database of State Incentives for Renewable Energy
- DOE Financial Opportunities for Consumers
- Incentives for Geoexchange Systems
- Financing