The technology behind geothermal energy has grown by leaps and bounds in recent years, making it an outstanding option for homeowners in Western New York to shrink their environmental footprint as well as heating and cooling costs while not having to sacrifice a shred of comfort.
NOCO is leading the way for our neighbors to take advantage of this opportunity with our complete geothermal services.
Geothermal uses the ground to provide your home’s heating and cooling. While the outdoor temperature can change a great deal, the temperature of the ground is pretty consistent.
Using a closed-loop system underground, the ground either heats or cools the water running through the pipes in the system. That water provides heating or cooling for your home.
The first benefit is dramatically lower energy costs. Heating and cooling account for approximately half of your energy costs over the course of the year. By not needing fuel such as natural gas, heating oil, or propane, you could save thousands of dollars each year! Those savings allow you to recoup the cost of installation often within a decade.
Geothermal systems cost less to maintain, as the major components of it are underground and not exposed to air or the elements. Also, geothermal systems last 25 years or longer, compared with the average 10 to 15 years of a traditional HVAC system.
Using geothermal to heat your home also slashes your home’s environmental impact. You could cut your energy usage by up to 60% by not using any fuel for heating and less electricity. Your home’s greenhouse gas emissions are reduced a great deal as you are not using combustion for home heating or water heating.
Because of geothermal energy’s environmental friendliness, there are incentives designed to encourage homeowners to convert to geothermal energy for their home heating and cooling.
At the federal level, installation of qualifying geothermal systems before Dec. 31, 2022, can receive a federal tax credit of up to 26%.
There are also incentives at the state level and from area utilities.
NOCO will help you receive any incentives or rebates your geothermal installation qualifies for. We can also assist with affordable, transparent financing options.
If you’re ready to learn more about geothermal energy and how it can benefit your home and life, get in touch with NOCO!