Written by Brad Crawford
Geothermal heating and cooling systems are much more efficient than standard HVAC systems and can help you save money. It’s especially true if you live in North Texas. You already know summer brings extreme heat and winter can have long periods of freezing weather. This can jack up your heating and cooling bills something fierce.
Unlike most heat pumps, geothermal heating and cooling systems use the earth as a conduit to cool or heat a closed loop water system. This, in turn, runs your home’s AC, heating, and hot water bypass. These systems are 45 percent more energy efficient than other options in the marketplace today. Because of this, the government is offering a 30 percent federal tax credit for anyone who installs a new geothermal system in their home.
The 30 percent federal tax credit will cover the cost of the new unit, plus the costs of all installation and labor. To be eligible for the credit, you have to have a new geothermal heating and cooling system installed in the home you live in. It’s not available for any systems placed in rentals or secondary vacation homes. The new heating and cooling system must meet the Energy Star requirements that are in effect at the time the system is purchased.
Currently, heat pumps that are certified by the unit’s manufacturer are eligible for the tax credit and should be installed by a licensed contractor. It is important to have an engineered system for your specific home needs.
While a geothermal system may require a larger upfront investment than regular HVAC systems, they will pay for themselves with the utility savings over the years. Plus, a system lasts up to four times longer than a standard conventional AC system, which saves even more money the first time you don’t have to replace the AC equipment.
When you need expert consultation to tell you more about a geothermal system, call Crawford Services at (214) 271-8800 to schedule a free in home evaluation.