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True. Geothermal heat pumps will always be better but given that you can get an air source heat pump for 10^3 to 10^4 dollars while a geothermal setup will cost
by IgorPartola 6y ago
True. Geothermal heat pumps will always be better but given that you can get an air source heat pump for 10^3 to 10^4 dollars while a geothermal setup will cost you 10^4 to 10^5, geothermal becomes prohibitive for most residential setups.
- bluGill 6y agoDepends on your timeframe of investment. Your air source heat pump will need to be replaced in 7-10 years. The really expensive parts of a geothermo system will last basically forever, the other parts may need to be replaced every 7-10 years, but the costs is about the same as replacing a air source heat pump, and geothemo is more efficient in general. Thus if you live in the same house for 30 years geothermo may pay off.
- dharma1 6y agoYour upper limit for geothermal seems a bit high, typical installation is 20-30k. But commercial viability depends on typical outside temperature and time frame for payback
- jabl 6y agoOver here in northern Europe, for a typical single-family house, replacing an oil-fired boiler with an air-water heat pump (that is, the heat pump uses outside air to heat water that can be run through the existing radiators) costs around 10k-15kEUR, replacing the boiler with a ground-source heat pump (incl. borehole drilling, the whole shebang) is around 15-25kEUR. So the price difference is not huge. In southern parts of the country, and for older houses with less expected life left in them, air-source pumps have proved more popular, whereas further up north and for newer buildings ground-source pumps are more often the choice.