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Heating Oil questions, answered by experts

If a geothermal heat pump is installed correctly, then you shouldn’t have to worry about having a backup heat source such as a furnace or oil boiler. However, there are geothermal systems installed that include a backup in case the heat pump fails due to extreme cold. This is simply a backup heat pump you’ll likely never need and not an alternative heat source.

Service costs range from $200 to $1,500, depending on maintenance needs, system age, and labor.

You can expect a geothermal system to last for years. According to the Department of Energy, the underground infrastructure for the heat pumps lasts about 25 to 50 years, which includes the pipes buried in the soil. The actual heat pump itself has a life span of around 25 years.

The most obvious downside is the high upfront cost of buying and installing one of these systems. Additionally, sometimes the system can take a longer time to heat than alternatives like a boiler. Also, if something goes wrong with the geothermal pump, repairs are often significantly more expensive than repairing traditional, above-ground heat pumps.

A geothermal heat pump system will take about 10 years to pay for itself, and it has a life span of anywhere from about 25 to 50 years. Installing a geothermal heat pump will cost about $14,250 upfront, but it can reduce your energy bills by around 65% when compared to a conventional HVAC system.

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