Are Geothermal Heat Pumps worth it? Gas or Oil vs Electric or Heat Pump [Financial Model]

Which type of heating and cooling system is right for you? Are geothermal heat pumps worth it these days? And how much money can you save with a geothermal system or electric vs oil or gas? Heating and Cooling your home still comes down to cost in many cases. So, which heating and cooling system helps you to save the most money in the short, mid, and long term?

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00:00 – Intro
00:19 – Focus on Savings
00:58 – Operating Cost
02:06 – My Background aka „No idea what I am talking about“
02:20 – ROI: Return on Investment
04:00 – Future Value
06:47 – The Importance of Economic Viability

💸 Financial Model of a Geothermal Heating and Cooling System vs an Oil or Gas Furnace with an AC

https://docs.google.com/spreadsheets/d/1wyP7VReDVlcO1k7y4bclSRdwflS3mJRnXNoomBAQyPg/edit

FYI (since there have been questions): Geothermal means the heat comes from the core of the earth, while ground-source means that the heat comes from the ground that is heated up by the sun.

Why do we focus on Savings when deciding on a heating and cooling system? It’s a journey from Commodity to Premium.

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