Conclusion
One overall comment describes the project - a lot of work. I did it without the benefit of any helpers, except for about 8 hours during trench layering backfill. I took it a bit slower as a result. I could have had helpers at times, but the schedule was too unknown, and I never felt (at the time) too stressed to ask for help.
General comments are that the house's level of comfort is much greater as compared to the older air source units. Warmer discharge air, no defrost cycles and greater capacity make up the majority of the difference. Another noted difference is quieter operation. There is no outdoor noise from the compressor/fans which could be heard near certain windows.
While the old units would run 24/7 in the coldest outdoor temps, the geo units rarely run more that 20 minutes at a time. Despite some very cold periods (single digits), the backup heat has not been on at all (after I tested them). The utility bills have reduced for sure. It is hard to make a real comparison yet, due to weather variations, comparing to the last 3 years I seem to be running about 1000-1500 KWH/month lower in the coldest months. Cooling savings should be even better. A year or two of data will really tell the difference.
The loop temperature (incoming water) started out at 50 degrees when I first started up, now at the end of the season it is about 38 degrees. The discharge water is below freezing and ice forms from condensate on exposed fittings. As I mentioned all of the loop piping is insulated due to condensation in the basement. No other problems have occurred.
As for cost, I can not mention too much detail on cost, since I am involved in the trade and buy at wholesale costs. What I can say is that the geo units themselves are about 2 times the cost of a modern high SEER heatpump of comparable size. Since the job is very labor intensive in many aspects, there will be a much higher overall cost to install a geo system. While a lot of the grunt work could be done by a handy DIYer, it is the problem of finding an installer that is willing to work with you to split the job.
In considering the geo system, I evaluated the cost of replacing (or installing) a new high SEER air sourced unit and looked at the cost difference from that baseline. A geo system like I installed would run about $ 20K in my area. This compares to about $ 9-10K for upgrading to a 2 zone air sourced system. The difference is of course about $ 10K. On average this is a 10+ year payback. If a DIY split were done, you might get the difference down to $ 5-7K, a more reasonable payback. A single unit, single zone system of the same capacity can save $ 1-2K more. I will get a reasonable payback, but that is more due to my costs and labor.
I think that the factors of increased comfort and reliability (most estimates are that geo units should have a 20+ year life due to fewer moving parts and not be located in the outdoor environment) should be factored in. Additionally the cost of energy will not go lower in the future, so energy savings may increase in the future. I think as geo becomes more popular, increase in installers and greater production quantities may lower prices somewhat as well.
I am a firm believer in geo heating and would highly recommend it to anyone who can afford it. I have a couple of new jobs already lined up this summer, and expect the interest to continue.
Thanks for reading and let me know if there are any more questions or facts.
paul