Installing a new geothermal heating, ventilating, and air conditioning (HVAC) system will not only add value to you home – like upgrading your kitchen – it will also drastically reduce your energy costs. A geothermal system produces enough energy savings over a period of time to eventually exceed the installation costs, especially with the federal and state tax credits that are available!
Geothermal works because the ground is warmer than the outside air in the winter and cooler in the summer. A series of small pipes inserted into the ground allows heat to be transferred between the earth and your home. No fuel is burned in this process because the heat is not being created, it is just being transported.
The most efficient gas furnace has an efficiency rating of 94 percent while geothermal’s efficiency rating is 400 percent! That means four units of energy are delivered for every one unit of electrical energy. Although this may appear to defy the laws of physics, geothermal systems simply transfer heat, they don’t create it by burning something. Thus geothermal is a more efficient HVAC system that delivers significant savings.
A Sound Investment
Geothermal units operate very quietly compared with conventional air conditioners or heat pumps. Because there is no outdoor unit they’re not subjected to the same wear and tear caused by rain, sleet, snow, nor gloom of night, either. That will mean no more noisy, distracting fan blowing during backyard picnics or other outdoor activities.
A Timely Investment
A 30 percent Federal tax credit with no cap for the installation of a ground source heat pump (geothermal system) was enacted as part of the American Recovery and Reinvestment Tax Act of 2009. This Residential Energy-Efficient Property Credit is available for taxpayers that install qualifying equipment at their primary residence, or a second home, through the end of 2016. A geothermal HVAC system and installation also can qualify for up to a 35 percent North Carolina state income tax credit through 2015 (Maximum $8,400 credit. Credit cannot exceed 50 percent of state tax liability in any one year. Taken in equal installments over 5 years). In addition to all of that, North Carolina has a number of rebate and loan programs to help you install a new geothermal system in your home.
Environmentally Clean And Safe
The EPA and the U.S. Department of Energy both recognize geothermal systems as the most environmentally friendly way to heat and cool a home. Unlike other systems, geothermal does not emit carbon dioxide, carbon monoxide, or other greenhouse gasses that contribute to air pollution. Low electricity demand of geothermal systems on the grid also helps reduce the need for more electric generating plants. Since there is no combustion in a geothermal heat pump there is no chance of carbon-monoxide poisoning from one.
So, do a little digging and find out if geothermal is the way to go for you and your home for sale. It would certainly be a differentiator for buyers who are looking to save money — and what buyer isn’t?!