DickRasmussen wrote:
Hi Mike,
Great analysis!!!
Thanks!
DickRasmussen wrote:
At $14K out of pocket after tax discounts, etc you probably are in the range of two heat pumps sized for your house or even my smaller house. If so, the "payback" for me might only be the need to do it before the tax benefits expire by replacing relatively new Lennox heat pumps which are 4/5 years old with R410A)
One way to look at it, the credits make geo cost about the same as a air to air system installed.
DickRasmussen wrote:
Did "they" explain the engineering basis for the 50 year in ground warranty/life expectancy and for the 30 year equipment life expectancy?
I found it's a 10 year warranty but 50 year expectancy. It's just a loop of plastic tubes cemented into the ground with DI water circulating. Guess they expect 50 years before a tube snaps or leaks.
DickRasmussen wrote:
This is a long time for many of the parts. Is there any high pressure refrigerant in the system at all or is it all relatively low pressure pumped water/heat transfer medium?
I think you found the answer. GSHPs have 2 heat exchangers: Water to freon, then freon to air. Compressor never has to work very hard with a consistent temp source.
DickRasmussen wrote:
Will the well be 800' deep? Wow (I think since my water well is about 350 feet). Where will they drill the well (i.e. near the curb)? Does the price include restoring the yard, street, driveway, etc. to pristine condition?
3x275' or so, will be on the side of my house about 15' from the foundation, right next to where the existing gaspack is. Holes need to be 10' apart.
DickRasmussen wrote:
Are you saying that operating costs (electricity for pumps and compressor, maintanance, etc.) will be between $1500 and $2000 per year including water heating with propane with the high temperature boost from the geothermal? Is this boost for cooling and heating seasons?
Yes, I expect total heat/cool/HW expense to go from about $4200 (on a bad year) to under $2k. Does not include maintenance, but from reading a lot of forums and blogs about these systems, no one has had to do any maintenance. 75% reduction for heating (compared to propane) and about 50% in cooling (air to air AC).
DickRasmussen wrote:
Are the Fed and State "discounts" actual real money (tax credits/rebates versus deductions.)? If credits/rebates what happens if tax liability is less than the discount? Do the Fed/State send a check or can it be spread over several filing years?
Read money credits with no income limitation.
DickRasmussen wrote:
Is well depth, etc. reduced it the heat/cooling load is less than yours?
Yes, it's about 150-200' per ton
DickRasmussen wrote:
Does the hot water heater desuperheater apply to electric water heaters also?
Yes, since it's a feed into the regular cold water supply line on the heater. I still have a to learn a little more about how exactly this works, since hot water will only be available when the unit is running... Not sure if it goes on demand or has a holding tank somehow.
_________________
Mike Whitney
whit32@gmail.com, 919-454-5445
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