Some people think the initial installation costs for geothermal are too high. This is no longer accurate. For example, installing a geothermal hybrid solution often costs less than a traditional HVAC system. Today’s hybrid geothermal systems incorporate the best technologies and practices of the geothermal and HVAC industries, greatly reduce CO2 emissions, and reduce energy costs by 25-60% over the lifetime of the building. Any additional costs resulting from selecting geothermal are offset within the first couple of years of ownership through reduced operation and maintenance costs.
Additionally, many governments around the world, including the United States, have implemented tax incentives and credits that make geothermal energy even more attractive.