Frequently Asked Questions (FAQ)

* Source: Airtechni and Geonergy staff, Earth Energy Society of Canada, Hydro-Quebec and NRCan

FAQ > Questions related to costs and savings

• What is the cost of an EE system?
  AThere are two costs: installed (or capital) cost, and operating costs. There are too many site-specific variables to quote the first cost for a system, but estimates to install a complete system (including ground loop and heat pump) range from $10,000 to $20,000. This may be higher than the cost to install some combustion furnaces but, in all cases, the annual operating costs for an EE system that provides space heating, water heating and space cooling, will be lower than the cost to operate any other furnace of any efficiency level for the same functions.
• What is the payback period?
  APayback is a method of calculating the time needed to recover any premium cost for an EE system over another heating and cooling system that is being considered. The process combines the cost to install and operate both systems over a period of time. For a residential EE system, the simple payback averages from four to seven years.

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