Be Aware: Learn the Prevailing Ground Source Heat Pumps Price
As the price of traditional energy and electricity prices continue to soar, the demand for alternative energy resources increases as well. The relationship between the two is complementary, thus it should not come as a surprise to see new debates getting pushed to the front every time the prices of crude oil spikes in the market.
And since the prices of crude oil in the market regular fluctuates, every now and then the talks about getting into alternative energy sources regularly come into play.
Of the many options available, the geothermal energy resource is often cited due to its affordability when adopted for the long term.
The many energy products and solutions that can be provided by geothermal including geothermal heat pump or known by many as ground source heat pump comes as a better alternative in the long term. The upfront cost of heat exchangers may be a bit high for some, but the true test of a reliability of an energy source is its long term benefits and on that count geothermal energy resources like the heat pumps are important alternatives. On these counts alone, it’s easy to say that the heat pumps should be considered. But if you are looking for better reasons why this for you, it’s wise to know a thing or two about the ground source heat pumps price.
Know the initial cost of installing these pumps
The initial cost of having these pumps is often the toughest hurdle for many. And the cost greatly varies depending on a number of factors including the land area, geography, equipment selected, and the type of system to be installed and the size of the home or property.
The ground source heat pump costs will be more expensive if the circulating pump, indoor tubing and the water heat pump are all taken into discussion.
The most expensive component of the pump is the ground loop, and the cost of installing this component is highly dependent on local labor and the drilling conditions.
By some estimates, the cost of the ground loop per installed ton range between $1,000 and $3,000. Using this example, you may need to pay a minimum of $4,000 for a 3-ton for the geothermal heat pump. Some studies, including the one made by the Alabama Universities-TVA Research Consortium indicated a more specific cost, for example for a 1,600 square feet of home with 3-ton heat pump the cost is $5,400. In short, the upfront cost associated with these pumps is a bit high. But once installed, the benefits will be there for a long time.
Heat pumps are known for its low operational cost
What makes the geothermal heat pumps popular is that when it comes to long term adoption, having these pumps is cost-effective. These are known for high efficiency and the operating cost is low. By some estimates, households that consider the GHPs can save from 30 to as much as 70 percent on heating. These GHPs are here to stay, and providers offering geothermal heat pumps for sale will be there to offer their products.
The challenge is on the consumers like you; given these ground source heat pumps price, will it be a good investment? If the intent is long term solutions, then yes these pumps are good investments.