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Heating Oil questions, answered by experts

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.

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.

Yes, geothermal heat pumps are worth the money. You can save about 70% on heating costs in the winter and around 50% on cooling costs in the summer with a geothermal heat pump compared to a traditional HVAC system. Over time, your savings on monthly utilities will pay for the cost of the geothermal heat pump installation. If you have an incredibly small yard, however, you may not have enough space for this type of system.

Regular inspections, loop flushing, and checking heat exchangers help extend system lifespan.

Your HVAC manufacturer will give you instructions on how often you should service your system. Have your unit professionally serviced at least once a year when in doubt. 

Heat pump systems are different because they provide heating and cooling solutions for your home. In this case, you should have it serviced at least twice a year.

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