Geothermal heating is a process that uses the heat that is generated within the earth to heat a home or business. While it’s not that popular throughout Toronto or other parts of the world at this moment, the basics of it has actually been in use since Paleolithic times.
Below are 4 ‘cool’ facts about geothermal heating that could get you thinking about what you could do with this inherent, non-perishable heating source.
1. Geothermal heating is already in use. This isn’t some kind of fictional heating source that might be in use some time in the distant future. It’s already in use in parts of the United States and Canada. In fact, in the U.S., the Department of Energy estimates that approximately 50,000 heat pumps are installed every year.
Here in Canada, the use of geothermal heating can save homeowners between 50-70% on their home’s winter heating expenses every year.
2. Geothermal heating is actually affordable. Unlike installing solar panels that could cost tens of thousands of dollars, geothermal heating is an affordable alternative to traditional heating systems.
It will require an investment up front, but it will more than pay for itself over time. It’s similar to installing new, energy efficient windows. You will save every month during the winter (and summer if you use AC) and they windows end up paying for themselves in a few years.
3. Geothermal heating is not a short-term solution. It’s a long-term solution. Unlike solar panels to generate electricity where you may get about 10 years of effective use before things need to be replaced, geothermal heating is a long-term solution.
Indoor aspects of the heat pumps and system will last about 25 years. The outdoor and underground components are expected to last for 50 years.
4. You can cool your home with geothermal heat pumps. While the focus on geothermal heating is to heat your home, they can also be used to cool your home during the summer.