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Geothermal Demand?
Chris_Williams
Member Posts: 8
Hey guys, I just curious if a lot of your customers are asking about geothermal systems. if they don't end up buying them, why?
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Comments
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It seems to vary by income.
We have 5 geo projects on the board now. We are just finishing another and completed our first last fall.
We have priced a few more that didn't go through. The systems are pricey to say the least. I don't know about payback. I usually design my own heating systems, however we have gone to a PE on all of our geo systems. Too many moving parts.
Our largest is 21 water to air units and 3 water to water units in one structure. The normal is two water to air and maybe one water to water unit.
Good Luck.0 -
BIG Buck$...
Most of the customers I had that did GSHP could afford to burn money for heat. Joe and Jane Sixpack can't afford this stuff, even with government intervention, er I meant rebates.
Until which time someone comes out with a water to water variable speed, soft start compressor, I've removed myself from the GSHP business. Too many "issues".
Conceptually, it makes a LOT of sense. But it is VERY dependent upon the field installation, and soil conditions, and soil moisture, and .....
METhere was an error rendering this rich post.
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Financing?
It sounds like the two issues are 1) technical issues and 2) price.
Regarding price, what has really helped the solar pv industry has been financing. I wonder if we could apply the same thing to geothermal? Thoughts
Most geothermal systems that I've seen have a very high rate of return (at least 12%) which is much higher then the interest rate on a loan (~5% these days). This seems like a simple math to me and is free money.0 -
hmm.
12% annual return on a $30k to $40k investment?
Most homes don't even use that much energy in a year. I can only assume you are looking at open loop systems which are much cheaper?Rob Brown
Designer for Rockport Mechanical
in beautiful Rockport Maine.0 -
geo demand
Interest/inquiries for geo & solar thermal has dropped off significantly for us since about the middle of last year, we have had 3 geo inquiries & 1 solar so far this year. Of those 1 geo is in the bag, 1 gone & one fence sitter. The 1 solar sounds pretty solid though. Pretty bad considering these sectors usually make up 80% of our work. The pursestrings get pretty tight when there's a recession underway.0
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