LD1, thanks for the cost explanation. We are considering a new house. Wanting to compare all heat sources. I think the primary concern should be a well insulated structure. Then het/AC type isn't quite as important. I would never consider wood as a primary source in a new structure.
Not sure, but I think last year was the last for the 30% federal credit???
WITHOUT the cost of the excavation, Geothermal should be real close in cost to a conventional air to air heat pump.
Meaning that the cost of the equipment is real similar. Basically you have a blower and a compressor In both units. Geothermal adds a some plumbing for water and circulating pumps. Air to air adds an outdoor unit and outdoor fan.
I priced similar quality and brand 4-ton units both air to air, and geothermal. Cost difference is nil for equip.
Cost to install (again, not counting trenches and loops).....should also be similar. If anything it should be less expensive for the geo. The air to air has two units to set, one inside and one out. Copper lines to connect the two and sweat together. Two places to run power to. And then charging the system. Geo's are pre-charged, one point of power, and a single unit to set. Basic plumbing and you are done.
Now why did I explain all of that? Because I had every intention of hiring an HVAC company for the install. And at the time I wasnt sure if I was going geo, so wanted to get some quotes for both Geo and air to air. WITH the understanding that I would handle all the digging of the trenches and backfill. (I own a backhoe). Thinking that the cost, with me handling the excavation, would be real similar for 4-ton units since to the installer....material cost is similar......as is installation time/cost.
NOPE. Was getting quotes in the $12k ballpark for air to air (including ductwork), and quotes in the $18-$19k range for geo including ductwork (again with me doing the ground loops). Three different companies, all three similar differences in pricing.
When questioning them as to why the geo was so much more, when the "install" (their labor and time) will be similar, as is the cost of the equipment itself?
Kept getting the same freaking answer. Well the cost is going to be about the same since you will get a 30% credit.:confused2: That will make either option about $12k." And for the same cost, wouldnt you rather have geothermal?"
Um, NO. I aint getting the 30% credit......you, mr HVAC guy are. Since you are overcharging me ~30% on the geothermal and hoping Im too stupid to see whats going on. The fact is the Geo should only cost me ~12k to have you install it, THEN I get my 30% credit.....SHOULD make it alot cheaper than the air to air.
Got alot of stuttering and stammering from all three contractors when questioned on this. I have no doubt they are making a whole lot more profit on the geo just because they "can". Since the fed had the 30% deal.
Sent all 3 packing and installed my own. Saved a ton of money, and got a better system in the long run since none of the quotes were figuring on a buffer tank for the domestic hot water.
Now that the 30% credit is done (I think), I look for the quotes to be alot closer now, since in reality the cost of the systems is similar. The only additional cost to a turn-key geo system should be whatever you choose for loops. Some do closed loop, some do wells, some do pond, or open loops, etc. If you can handle your own loops, everything else beyond that should be real similar in cost of a conventional air to air. If it isnt, you are getting screwed.