A GEOTHERMAL SYSTEM IS A SOUND INVESTMENT
The graphic below compares the costs*, over a twenty-year period, for heating, cooling and domestic hot water for a standard family home using different energy sources. and. As energy costs increase, your savings increase year after year thanks to your geothermal system. A very good and safe return on your investment.
* Based on average energy costs in Quebec - 2005-2006 Winter
Comparative annual energy cost* estimates for a single family home:
* Based on average energy costs in Quebec - 2005-2006 Winter
EXAMPLE: ECONOMICAL RETURN STUDY FOR A STANDARD SINGLE FAMILY HOME
The tables below present a detailed heating cost comparison for various energy sources. Calculations were conducted based on an annual electric bill of 2,500$ for a family of 4. Calculations also include the incremental financing costs of a geothermal system (installation included) of 737$/year over a 20-year period.Click here to download a detailed "Economical return study" in printable format (document is in French)
| Electric Heating |
Oil | Natural Gaz |
Standard Air Heatpump |
Geothermal | |
| Annual operating costs (approx.) | 1,900$ | 2,155$ | 1,723$ | 1,583$ | 613$ |
| Annual increase |
57$ | 65$ | 52$ | 48$ | 18$ |
| Annual energy costs for heating | 1,957$ | 2,220$ | 1,775$ | 1,631$ | 631$ |
| Total (with taxes) |
2,262$ | 2,565$ | 2,051$ | 1,885$ | 730$ |
Savings as of year 1: 1,155$
Net savings after financing costs: 418$
SAVINGS GENERATED BY A GEOTHERMAL SYSTEM OVER A 21-YEAR PERIOD COMPARED TO:
| Before financing costs |
After financing costs |
|
| Electric Heating |
43,932$ | 29,195$ |
| Oil | 52,641$ | 37,904$ |
| Natural Gaz |
37,907$ | 23,170$ |
| Standard Air Heatpump |
33,123$ | 18,387$ |
