How Soon Will You See a Return on Investment for Geothermal HVAC?
How Soon Will You See a Return on Investment for Geothermal HVAC? Over the past few years, more and more homeowners in the Saint Louis, MO, area have started to prioritize energy efficiency like never before. Some do so because they worry about the already-mounting effects of climate change. Others do it because they’ve seen energy prices skyrocket and can’t take on any further cost increases. That new reality is pushing more and more people to explore the possibility of switching their homes to geothermal heating and cooling. Geothermal systems are, by far, the most efficient HVAC systems on the market. However, they’re quite costly to install compared to conventional HVAC. Naturally, then, homeowners wonder how long geothermal systems take to pay for themselves in energy savings. To answer that, here’s a deep dive into the costs of geothermal and how much money the average home might save in energy costs by using one. The Costs of Geothermal HVAC Today, the average conventional HVAC system costs approximately $7,500 depending on a variety of factors, including installation. While that may sound like a lot of money, it’s nothing compared to the costs of installing a new geothermal HVAC system. That costs...
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