I would do it in a heartbeat if I was convinced I would be in the house long enough to recover the costs.
My HVAC guy in Indiana was into geothermal big time, and had a lot of installations under his belt, so he was very familiar with both the good and bad. He had the Federal and state incentives down, too. The property tax exemption thing was very obscure, and it seemed that not a lot of people either knew about it or took advantage of it. To do the system for our two story with basement 4,000 SF house would have been about $18k in 2009. Incentives would have immediately knocked about $7k off the top, leaving us with an $11k bill when he was done. He had similar sized homes already in service for several years that were averaging well under $100/month for energy costs year 'round. That is pretty good considering the climate. I never calculated it in detail, but if my memory serves me correctly, we would have saved at least a couple of grand a year between energy costs and tax incentives, bringing the payback into the 5-6 year range. Dan On Jul 5, 2012, at 8:49 AM, Curt Raymond <curtlud...@yahoo.com> wrote: > Our oil burner has worn down to about 65%. I'm considering geothermal, need > to get some time to meet with some people and figure out who to have do it... > > > -Curt > > Date: Wed, 4 Jul 2012 20:48:59 -0400 > From: Dan Penoff <lwb...@yahoo.com> > To: Mercedes Discussion List <mercedes@okiebenz.com> > Subject: Re: [MBZ] Heat pump. Was: overheating, heat wave and 300td > travel > Message-ID: <23977710-0de2-44aa-aa58-69edcd652...@yahoo.com> > Content-Type: text/plain; charset=us-ascii > > My HVAC guy in Indiana was trying to push us into doing geothermal for our > 4000 sf house, since we needed AC and the furnace was a crappy 80 some > percent model. > > The payback was quite attractive, as were the incentives, but we still would > have paid about $11,000 out of pocket when all was said and done. > > One thing that was nice was a state property tax exemption for having the > system installed. Not sure if this was unique to Indiana, but it did help to > accelerate the payback. > > Dan > > Sent from my iPad > > On Jul 4, 2012, at 5:45 PM, OK Don <okd...@gmail.com> wrote: > >> I think the coils are in ground water, not just dirt. I'll find out for >> sure in August, when we get ours installed. They are planning two 300 ft. >> deep holes for the loops. >> >> On Wed, Jul 4, 2012 at 3:09 PM, Allan Streib <str...@cs.indiana.edu> wrote: >> >>> Fmiser <fmi...@gmail.com> writes: >>> >>>> With ground-source, the heat pump's external coil should always >>>> be at ground temperature. Ground temp it typically about 60 >>>> degrees F, even when the air is -40 F. So even in extreme cold, >>>> the difference is only 30 degrees. Cooling is even easier. >>> >>> Here's something I've wondered though. Dirt is a pretty good insulator. >>> Do geothermal heat pumps not have a problem, in "cooling" mode, of the >>> ground around the heat exchanger impeding heat transfer out of the >>> system? I guess they must not since they are widely used. >>> >>> Allan >>> -- >>> 1983 300D >>> 1979 300SD > > _______________________________________ > http://www.okiebenz.com > For new and used parts go to 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 _______________________________________ http://www.okiebenz.com For new and used parts go to 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
