View Pros Ground source heat pump costĪ geothermal closed-loop system costs $15,000 to $38,000 on average, depending on the loop placement. Get free estimates from geothermal installers near you. 1 ton = 12,000 BTU = 3.5 Kw per hour.Ī geothermal installer designs and sizes the system based on home energy audits, Manual J calculations, and specialized software. Geothermal heating installation cost - chart Geothermal heating installation cost by ton System size (tons) Geothermal heating costs $4,000 to $8,000 per ton on average, with prices ranging from $2,200 to $12,000 per ton, depending on the system type and site-specific work. What is geothermal heating, and how does it work?.Geothermal energy costs for improvements.A standard heat pump lasts 10 to 15 years. Geothermal systems last 20 to 25 years for the indoor heat pump and 40 to 60 years for the ground loops.In comparison, a standard heat pump installation costs $3,800 to $8,200 on average and has higher operating costs.Geothermal HVAC reduces utility bills and uses 25% to 65% less energy and electricity than conventional systems. The geothermal energy tax credit allows homeowners to claim 22% to 26% of the total cost from their federal taxes throughout 2023.Fossil fuel-produced electricity is only necessary to run the fan and circulation pump.Geothermal systems provide both heating and air conditioning using renewable energy from the constant temperature below the surface.Key facts for geothermal heat pumps (GHP) and ground source heat pumps (GSHP): *Based on 24 project costs reported by HomeGuide members. Geothermal heating and cooling costs 25% to 65% less to run than conventional heat pumps.Īverage geothermal heat pump cost - chart Geothermal heat pump cost National average cost A geothermal heating system costs $4,000 to $8,000 per ton to install on average. A geothermal heat pump costs $15,000 to $35,000 to install on average, depending on the system size and loop type.
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