Geothermal Installation and Retrofitting Cost

But you wouldn’t be comparing “apples to apples”. To get an accurate comparison of costs, it is important to consider the following:

• Payback, or how long it takes to recover the difference in costs between the two systems using energy savings.
• Total operating savings from heating, cooling, and hot water must be combined to get an accurate picture of total energy savings.
• Energy costs and availability, both present and future.
• Maintenance costs and system reliability.
• System lifespan.
• Energy analysis software such as eQuest® can calculate annual operating costs for geothermal systems and compare to other system technologies

Installation costs for geothermal look differently when factoring in all of these elements.