Americans everywhere are feeling it: not only the pinch at the pump, but also the strain of monthly utility bills. That’s a big reason why more and more homeowners are turning to geothermal systems. as a means of reducing the high cost of their energy bills. With 70 percent of a home’s total energy bill resulting from the costs of heating, cooling and hot water, the use of geothermal energy not only increases the energy efficiency of a home, but also significantly reduces energy bills.
The savings and return on investment (ROI) accrued over the lifetime of a geothermal system are attractive to homeowners looking to get ahead of rising energy costs, ease the financial pinch associated with routine maintenance and upkeep of their home and, just as importantly, simultaneously take an environmental stand by reducing their carbon footprint.
In terms of reducing the carbon footprint, a geothermal system in a 2,500-square-foot home saves the electric utility company more than nine tons of coal a year. Plus, for every 100,000 residential geothermal units installed, foreign oil consumption is reduced by 2.15 million barrels annually, and is equivalent to planting 100,000 acres of trees or permanently removing 200,000 cars from the road.
These systems can be easily installed in any home—new or old, large or small— and contribute to the overall comfort of a home by improving indoor air quality and producing less noise.