Is Geothermal Heating and Cooling Worth the Cost?

Americans are always looking for ways to heat and cool their homes more efficiently. A 2021 Annual Energy Outlook from the EIA suggests that 31 percent of the total electricity use in the country is being used for heating and cooling. In this episode of Undecided with Matt Ferrell, an alternative to electricity use for heating and cooling is explored through geothermal heating and cooling. Despite the widespread use of electricity for heating and cooling, the global geothermal market is now a 9.

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5 billion dollar industry, with residential heating and cooling comprising 49.5 percent of that.

The advantages to geothermal heating and cooling are numerous, and these systems have been heating America since the 1940s. It works well in every climate and lasts longer than other systems with a life expectancy of 20 to 25 years. This is on average 10 to 15 years longer than a furnace or boiler heating system would last. Geothermal heating also saves homeowners money and is easier to maintain than any other heating and cooling system for your home. Matt Ferrell walks you through the science of geothermal heating and cooling here.

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