Green Tax Expert
Income Tax Help for Green Businesses
Income Tax Help for Green Businesses
What would be the best heating system for this house: Currently a geothermal system is abandoned in the basement. Supposedly this system was set up to baseboard heaters when it was put in 30+ years ago. After contacting a geothermal guy, he said that the house would need duct work put in for forced air to put in another geothermal unit and the cost…$22k-$30k! I would love to have a green unit but that is a lot of money. Any other suggestions would be greatly appreciated. There is a full basement. There is no chimney. After considering the current tax incentives I might be better off going with the geothermal. Thanks for any input!
Too bad the old one doesn’t work. You still lucked out though because a major cost of geothermal energy is the drilling for the heat-exchange pipes. A full install of a new system can cost up to $60,000. The prices he’s quoting you is a lot of money up front, but it will pay itself off in 8-10 years. If you can get some tax incentives to cut costs, even better!
Too bad the old one doesn’t work. You still lucked out though because a major cost of geothermal energy is the drilling for the heat-exchange pipes. A full install of a new system can cost up to $60,000. The prices he’s quoting you is a lot of money up front, but it will pay itself off in 8-10 years. If you can get some tax incentives to cut costs, even better!
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