As the year’s end approaches, it’s a great time to think about making the most of federal energy tax credits through an HVAC upgrade. Heat pumps are excellent options for Florida residents, providing energy efficiency while keeping the amount of equipment in the home to a minimum. However, you may also want to consider the benefits of installing a geothermal system. The related tax credit is a greater percentage of the equipment cost, and credits for eligible renewable resource systems are not capped as those for air source heat pumps are.
How Geothermal Works
A traditional heat pump uses the air for a heat transfer process that allows for heating and cooling to occur in the home. While a heat pump can be extremely efficient, air temperatures can fluctuate dramatically during extreme weather. A geothermal system uses the same principles, but the pipes used to transfer heat energy to and from yourhome are either buried in the ground or immersed in deep water to provide a more stable environment for the heat transfer process to occur. The temperatures of the ground and water won’t fluctuate significantly, meaning that a more reliable and efficient process for heating and cooling your home can take place.
When Is Geothermal a Good Option
Geothermal equipment is significantly more costly to install than most air source heat pumps, meaning that you will need to have the budget for a geothermal system. However, you can plan for highly improved energy costs that will allow you to recover much of your investment over time. Additionally, the larger tax credit options will enable you to recoup 30 percent of your equipment costs. The federal tax credit for an air source system is 10 percent with a $300 cap. There is no cap on the credit for a geothermal heat pump.
Geothermal equipment requires the availability of appropriate property features for installation. A ground source system uses a lot of property area for the installation of refrigerant coils, meaning that you will need to be able to have the area excavated and prepared for the installation. This option may not work for homes on small properties. A water source heat pump requires access to a well, pond or lake. Rural homes that use well water may benefit from this configuration.
Get Help with Your Decision
It’s important to consult with an HVAC contractor who is familiar with both air source and geothermal systems as you compare issues like energy efficiency, pricing and system configurations. You will need to have your property evaluated so that installation plans can be made. It’s also helpful to remember that regular maintenance of your new system can extend its years of service while ensuring optimum efficiency levels.
The experts at Accurate Comfort Services can provide an estimate for a geothermal heat pump installation at your Marco Island, Fl, home. We offer efficient and reliable service, and we are able to provide ongoing support for your new equipment through annual maintenance and repairs as needed. Contact our office to schedule your estimate today.