Heating and cooling costs are two of the biggest burdens to a homeowner's budget. Not only do you have to buy a furnace and an AC unit, but you have to pay to operate the equipment to provide year-round comfort. If you are looking for a cost-effective alternative to the traditional model, you should consider installing a ground-source heat pump. While you might pay more initially, you will save money on operating costs.
Installing an AC will cost between $3,000 and $10,000, and installing a furnace will cost between $2,000 and $3,000. It is important to remember that the exact cost for HVAC equipment will depend on the size of your house and the type of equipment you purchase. The high efficiency models will cost more than the medium efficiency options. Still, purchasing a separate furnace and AC unit will cost less than installing a ground-source heat pump, which can cost up to $25,000. Again, this cost depends on several factors, including the size of the unit you have to install and the costs associated with burying a set of coils in the ground outside your home.
Benefits of a Ground-Source Heat Pump
If a ground-source heat pump costs so much to install, you might be wondering why it would even be worth it to install one in the first place. Ground temperatures ten feet below the surface will stay between 50-60˚ year round. By tapping into these consistent temperatures, you increase the efficiency of your equipment. In fact, a ground-source heat pump can reach efficiency ratings of up to 600% as compared to ratings of 250% for an air-source model. This greater efficiency can reduce your heating and cooling costs by up to 60%. Thus, as long as your financing costs for your equipment do not cost more than you save on operating costs, you will end up saving more money than you spend on a ground-source heat pump.
A final benefit of a ground-source heat pump is that it runs on electricity. How is this a benefit? If you install a wind turbine or solar panels in your home, you can heat and cool your home without relying on a power company. Thus, you can completely eliminate operating costs, and your only concern will be the cost of maintaining your equipment. If you are looking for a money-saving and/or green option for heating and cooling your home, then you need look no further than a ground-source heat pump. Visit websites like http://www.advancedheatingandcooling.com for more information.