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Is Geothermal Heating and Cooling a Viable Alternative?

As a facilities manager, it is up to you to keep the costs of running your building as low as possible. As summer or winter approaches, however, you might find yourself worrying about rising energy costs. Your solution could be to install a geothermal heat pump system that can help lower utility expenses and give you a steady return on your investment.

What are Geothermal Heat Pumps?

A geothermal heat pump is an environmentally friendly system that can both heat and cool a business or home. It does not need fossil fuels like coal or gasoline to operate. Instead, it harnesses the geothermal heat from within the earth's underground to maintain a comfortable temperature in the building.

These systems are energy efficient and cost effective, allowing building owners to save significantly on their utility bills. However, they also reduce the carbon footprint of a business or homeowner.

They do not require a lot of space in which to be installed. While some systems can be installed horizontally in a field in a rural setting, systems that go into urban buildings can be installed vertically sometimes in a space as small as a dining room table.

Once installed, these systems go to work right away harnessing the temperatures from the earth's underground to cool or heat the building. With proper care, the interior parts of the system can last for as long as 12 years.

The pipes installed under the ground can last for as long as 50 years. This longevity means you get your money's worth out of the geothermal heat pump before you have to replace or repair it.

Further, most geothermal heat pump owners see savings of 60 to 70 percent off their utility costs within the first year alone. You can recoup the total cost of the system within five to 10 years after you have it installed.

Finally, building owners who choose to install geothermal heat pump systems in their buildings often have a unique opportunity to take advantage of incentives and tax credits. A number of utility companies are offering rebates to customers who install these systems in their buildings. The rebates can range from $1000 to $6000 with the average rebate being around $4000 per customer.

You can also claim credits on your taxes after installing one of these systems. You can deduct up to 30 percent of the installation cost from your taxes, helping you recoup some of the money you spent on the geothermal heat pump system.

The monetary advantages that come with geothermal heat pump systems can make this heating and cooling choice more attractive to you. You can save money on your building's utility costs while still keeping it cool or warm during the summer and winter.

Additional Information about Geothermal Heat Pumps

If the cost effectiveness of these systems has yet to convince you, you might be swayed by discovering the versatility that geothermal heat pumps can offer to customers. Along with heating and cooling your building, a geothermal heat pump can likewise be installed and used to heat pavement right outside of your building's doors. The heated pavement prevents ice and snow from accumulating during the wintertime.

Further, the rejected heat from the system can be used to heat outdoor pools, hot tubs, or fountains. You can enjoy these fixtures all year long knowing that the water in them will remain thawed by the geothermal heat pump system installed underneath them.

Finally, as a facilities manager, you might pay attention to state of the local economy. When you invest in a geothermal heat pump for your building, you contribute to the productivity and health of the economy.

All of the system's pumps and parts are made in the U.S. The manufacturers of these systems boost the local economy by creating more jobs. Likewise, contractors who are hired to install these systems benefit by hiring more workers and putting money back into the economy.

A geothermal heat pump system can reduce the costs involved with cooling and heating your building. You can keep your expenses low while helping to boost the local economy by investing in a geothermal heat pump for your building today.

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