Geothermal heating systems are an efficient and sustainable way to heat and cool your home, but what are the upfront costs? On average, the cost of installing a geothermal heating system can range from $25,000 to over $40,000, including labour and equipment. While this may seem high, a geothermal heating system can cut heating and cooling bills by 55-75%. Plus, you may be eligible for various rebates and incentives from your local, provincial, and federal governments.
Factors That Affect Geothermal Installation Costs
The cost of installing a geothermal heating system varies depending on several factors, including:
- Home size: Larger homes require larger systems to heat, which can increase the installation cost.
- Local geology: Your property’s geology must be inspected to determine if it can safely accommodate the piping system needed for geothermal heating. If your land needs significant grading or treatment, the installation cost may be higher.
- Nature of soil: Some soil types are more conducive to installation needs than others, which can also impact the cost.
- Heating power preferences: You may opt for a more powerful geothermal system than necessary if you live in a colder region and want more heating power.
Link ClimateCare Can Help
Contact us today to learn how we can help you achieve a more sustainable and cost-effective heating and cooling solution for your home!