Everyone should consider Geothermal Heating and Cooling Systems for both economical and environmental reasons in Denver Colorado.
Geothermal heating and cooling uses the relatively constant temperature of the earth to heat and cool homes and businesses with 40% to 70% less energy than conventional systems.
While conventional furnaces and boilers burn a fuel to generate heat, geothermal heat pumps use electricity to simply move heat from the earth into buildings, allowing much higher efficiencies.
The most efficient fuel-burning heater can reach efficiencies around 95%, but a geothermal heat pump can move up to 4 units of heat for every unit of electricity needed to power the system, resulting in a practical equivalence of over 400% efficiency.
The setup costs are generally more costly than for regular heating and cooling systems, but the difference is usually returned in energy savings between 3 to 10 years and the system life is estimated at 25 years for inside components and 50+ years for the ground loop which is where returns on your investment really add up. Read more about Savings vs. Cost
Heat pumps provide wintertime heating by extracting heat from a source and transferring it to the dwelling. In theory, heat can be removeded from any source, no matter how cold, but a warmer source allows greater efficiency. A ground source heat pump uses the shallow ground (6 to 8 feet deep) as a source of heat, that allows us to take advantage of its seasonally moderate temperatures.
During the summer, the flow can be reversed so the heat exchange removes heat from the dwelling and moves it into the ground. Moving heat to a cooler space takes much less energy, so the cooling efficiency of the heat pump again benefits from the lower ground temperatures.
Call JG Mechanical Today and see why Geothermal is becoming the system of choice in many parts of the United States and around the surrounding areas of Denver Colorado.
The U.S. Environmental Protection Agency (EPA) has called ground source heating pumps the most energy efficient, environmentally clean, and cost-effective space conditioning systems available. Heat pumps offer significant emission reductions potential, particularly where they are used for both heating and cooling and where the electricity is produced from renewable resources.
Basically, a homeowner may save anywhere from 20% to 60% annually on utilities by switching from an typical system to a ground-source system.
Also remember that the new Stimulus Bill increases the Homeowner Tax Credit. A 30% tax credit for homeowners who install geothermal heat pump systems in 2009 and later years. For systems placed in service in 2008, the $2,000 limit still applies So, for example, if a homeowner pays $15,000 for a geothermal heat pump system installed in 2009, a tax credit of $4,500 could apply.
For geothermal heating and cooling systems placed in service in 2008, use IRS 2008 Form 5695 for the Residential Energy Efficient Property Credit to claim the $2,000 tax credit for Energy Star geothermal heat pumps. You can view and download the form at the following link: http://www.irs.gov/pub/irs-pdf/f5695.pdf Line 18 on the form is where you enter “Qualified geothermal heat pump property costs”, Line 19 is where you multiply costs by 30%, and Line 20 displays the $2,000 “Maximum credit amount” for 2008.
If you use TurboTax, look for the “Home Energy Credits” topic under Personal Deductions and Credits for Your Home. TurboTax provides an input box to enter the amount you paid for Geothermal heat pump property in 2008. As usual, contact your tax professional for applicability to your specific situation.
Read more: Stimulus Bill Increases Homeowner Tax Credit
Installation of geothermal heating and cooling systems in or around the Denver Colorado area is growing as residential and commercial property owners both understand that their ability to use this technology can cut energy use by up to two-thirds and reduce their exposure to further energy price spikes, as well as cut local pollution.
It makes a lot of sense to consider JG Mechanical as your experts with geothermal as a primary source for your heating and cooling needs in the Denver Colorado metro area that could mean thousands of dollars for your family as well as your business. Give us a call TODAY!