Posted by VADAVE on March 05, 2013 at 10:02:41 from (149.32.192.36):
In Reply to: OT Geothermal posted by David G on March 04, 2013 at 19:32:28:
I put geothermal in a new construction house last fall--no incentives for new consruction. This is what I learned--the difference in the cost of a geothermal and a conventional propane forced air furnace is the price of the ground conversion (in my case wells). Mine is also a 5 ton unit and there were 5 250 foot wells. cost just over $30K. I also learned the dealers try real hard to Yankee Traders (sharp) and raise the price so that they get the incentive and you pay the whole bill. So be sure you cost out replacement of your existing furnace with the same thing. In your case this is what I would do--of course you will do what you think best. Your existing furnace isn't all that old and could serve as the back up heat source instead of electric heat strips. Then ask around for the cost of drilling wells or digging the trenches or whatever they are proposing. So now you have the cost of just the air handler component--replacing you old furnace--the cost of the heat source--drilling wells/digging trenches--and you already own the backup heat source and the duct work. I suspect replacing the furnace is around $1K. Drilling a 250 foot well around here (Washington DC to Norfolk) is about $1K per well. So I would expect you could put convert to geothermal for about $6K maybe slightly more. What's the incentive? $6K? Just what i learned from my experience--took me a year to learn it.
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