I've got three Water Furnace units in a closed loop system where there are loops of pipe in the ground. Two of the three units have developed leaks in their coils, one was changed out the other is too slow of a leak to find. It's sad they can't beef that part up a bit.
I'm pleased with the systems though. All 3 units have variable speed fan and two speed compressor. The two speed compressor really pays off in the summer when they run at low speed. It takes a lot more of the humidity out. Note any multi speed compressor system does this.
Another win is an option on the units where they can heat or help heat your hot water. It's called a "desuperheater" or something silly like that. In the summer time, where we get lots of air conditioning usage here in NC, we turn off the hot water heaters. The way it works is like this:
In the summer, the freon coming out of the compressor is at about 140 degrees. This is heat you must get rid of before you reduce the pressure to make all the cold freon needed to cool the house. So the desuperheater units run this freon through a small heat exchanger, and also has a pump that circulates water from your hot water heater as long as the incoming temperature from the hot water heater is less than 130 degrees. After the freon has run through that exchanger, it goes to the main heat exchanger that uses the ground temperature to get rid of / absorb the heat.
In the winter, the same process occurs but the pump in that heat exchanger runs at a lower speed. This is because you want the hot freon to heat your house. So in the winter the system can help to maintain your hot water temperature, but not as well as in the sumer where it can do it all.
So we have two 80 gallon hot water heaters on two of the units so that all this free (well, ok, "pre-paid for") hot water can be saved.
Finally, don't use a pond as your heat exchange mechanism. We did it, and the performance was bad for heating because the pond was giving us 40 degree water, vs. the ground which gave us 50 degree water. It works, it's better than an air unit, but for the savings (which was about 30% less than an in ground) it was not worth it.
And yeah, I like it better when it was called water source and geothermal meant hot springs and steam from the earth. Another reason I don't like marketing people
Pete