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2 Key Myrtle Beach Geothermal Heating and Cooling Considerations

1.     Starting Costs vs. Payback

It’s an unassailable fact: replacing your existing HVAC system with a geothermal heating and cooling system is a costly proposition. Initial costs here in Myrtle Beach tend to be anywhere from $10,000 to $30,000 – or above. Lot size, site accessibility, system configuration, ground conditions, and other issues account for that. So too does the amount of excavation that has to be done and what sort of ductwork modifications are needed. And if you’re having a new home constructed? It’s not as pricy, overall, but it’ll still cost about 40 percent more than a typical HVAC system will cost you.

Okay, you wanted the bad news first. Now, for the good news. First off, certain incentives and rebates may be obtainable at the federal, state and local level to help you bear the installation costs. Next, the energy savings achievable with your new geothermal heating and cooling system will help you begin to recoup your initial investment relatively soon. So you could recoup your investment in as little as four years. But be forwarned: Local utility rates and the end cost of your installation may prevent full repayment for as much as 15 years. Because geothermal systems usually endure for upwards of 30 or 50 years, though, you’ll still come out ahead. You just have to figure out at the start what your finances can take … and how patient you are.

2.     Geothermal Benefits Can Easily Offset Worries About Up-Front Costs

We’ll check off the most important benefits:

  • Compared to standard heating and cooling systems, geothermal heating and cooling could slash as much as 30 to 60 percent off your heating bills. And it could decrease your cooling costs by as much as 20 to 50 percent.
  • Geothermal systems use renewable energy – heat extracted from the ground.
  • Geothermal heat pumps don’t work by combustion, so there are no greenhouse gas emissions (carbon dioxide, carbon monoxide, etc.) and no fire safety or air quality concerns.
  • Because no outdoor fans or compressors are needed, geothermal heating and cooling systems are much quieter than conventional systems.
  • Since there are few moving parts and geothermal systems are shielded from the elements, you’re assured many decades of low-maintenance, top-performance use. Indoor components may hang in there for about 30 years, ground loops, about 50.

Need more information on any of these matters in order to make a decision about your heating and cooling options? Visit the Myrtle Beach geothermal pros at J & J Air. We’re happy to help, no matter what you decide.