Ground source heat pumps are great low-carbon heating systems that are popular due to their high efficiency and cheap operating costs, making them well worth the investment.
A ground source heat pump installation is typically more expensive than other heating options. Furthermore, the average cost of a GSHP installation is between $18,000 and $27,000. Ground source heating, on the other hand, is a far more efficient heat harvester than air–source heat pumps and much less expensive than oil and gas in the long run.
Ground Source Heat Pumps: How Much Do They Cost? A ground source heat pump will cost roughly $877 per year to install and run. However, prices vary based on the size of the installation and any additional work required.
In most cases, servicing your heat pump will cost between $150 and $200. This price, however, may vary depending on the firm you choose and the size of your heat pump. In comparison to standard gas or oil-fired boilers, heat pumps require far less maintenance.
Replace or repair your ground-source heat pump and get up to $4,500. At least 20 years must have passed since the system was installed. When replacing an old ground source heat pump system or repairing a ground loop, you can get up to $750 per ton of heat pump. Ground source heat pumps last between 20 and 25 years. This is roughly double the time of a modern gas boiler. In addition, expert servicing every 3-5 years, rather than the annual servicing required for boilers, will keep them working reliably.Most homes require 3 to 5-ton systems. The majority of a geothermal system's repair expenditures will be incurred by the central heat pump unit. The majority of repair jobs cost between $100 and $1,000. Larger problems, such as replacing a compressor, can cost up to $1,700. Repairs typically involve work on the heat pump unit, compressor, or leaking air coils. Pump replacement prices for 0.5- to 7-ton systems range from $1,900 to $6,500 on average, not counting underground loops.
Is it Worth?
GSHPs have numerous advantages despite their high installation costs. It will save you money on your heating bills, especially if you replace electric heating. The pump, however, will consume a tiny amount of electricity. However, this isn't close to what you'd use for heating.