At $160/cord (my current price) and $0.14/KWH (generation+transmission). The estimated cost of running a geothermal system is nearly identical to a wood boiler, maybe even less.
http://www.vermontgeo.com/geothermal_operating_costs.html
The install cost of geothermal with ducked work might be around $25k after 30% Gov rebates. The cost of wood boiler is probably about $15k. Geothermal adds about $14k to the resale of a home. Wood Boiler doesn't add anything to the resale of a home and may be seen as a negative (source: my real estate agent).
I currently get about 90% of my heat from a wood insert, but the time has come for an upgrade. I was thinking wood boiler, but my wife suggested geothermal. After looking at the numbers, I must admit it would be nice not to spend hundreds of hours a year stacking wood.
Thoughts?
http://www.vermontgeo.com/geothermal_operating_costs.html
The install cost of geothermal with ducked work might be around $25k after 30% Gov rebates. The cost of wood boiler is probably about $15k. Geothermal adds about $14k to the resale of a home. Wood Boiler doesn't add anything to the resale of a home and may be seen as a negative (source: my real estate agent).
I currently get about 90% of my heat from a wood insert, but the time has come for an upgrade. I was thinking wood boiler, but my wife suggested geothermal. After looking at the numbers, I must admit it would be nice not to spend hundreds of hours a year stacking wood.
Thoughts?