Geothermal System

[Terrel L. Shields]

Anyone encounter a geothermal heat pump? How did you handle it? Like a regular Heat Pump or like a solar panel array?

 

[Dublin ohio]

Anyone encounter a geothermal heat pump? How did you handle it? Like a regular Heat Pump or like a solar panel array?

I have encountered quite a few. I handle them as I would solar panels. They are quite a bit more efficient in lower temps than a standard heat pump. I do see a reaction but it is somewhat limited.

 

[Joe Flacco]

I see it in high-end new construction here and there but at the end of the day it's just another feature. Same with solar.

 

[Terrel L. Shields]

In 30 years, I've yet to encounter one. A fellow appraiser called me asking if I had seen one. Nope. I have attended a number of seminars related to geothermal and energy efficiency features but actually never saw one. Back when I had a small drill rig, I contemplated geothermal installation back 35 years ago.

 

[Dublin ohio]

I see it in high-end new construction here and there but at the end of the day it's just another feature. Same with solar.

Most I see are in more rural or large lot suburban properties. Some use their ponds (pretty deep) as their source (open and closed loop), some use buried horizontal systems and some use drilled systems. The strangest one I saw used a drilled well and discharged into the river. Have only seen a couple in your typical platted subdivision.

 

[TerryRohrer]

There are a few around here but I have never found any adjustment warranted, plus or minus. Typically found in higher quality homes and increases cost.

 

[Joe Flacco]

Most I see are in more rural or large lot suburban properties. Some use their ponds (pretty deep) as their source (open and closed loop), some use buried horizontal systems and some use drilled systems. The strangest one I saw used a drilled well and discharged into the river. Have only seen a couple in your typical platted subdivision.

There was a small 60's house on an acre I wanted to buy back in the day that had a horizontal loop but that's the only time I came across that. When I see it in new or recent construction it is vertical closed loops.

 

[andrew81]

These are very common in my market. There is a 30% tax credit on purchase and installation. There was an electric discount that has been discontinued. The most popular brand is WaterFurnace.

If it is used as a typical heating and cooling system, there is no marketable difference to a traditional gas furnace and central air.

There is a difference when the piping is installed in the garage slab, outbuilding slab, driveway, sidewalk, or even in the homes floor joist to provide additional radiant heat.

 

[sputnam]

Anyone encounter a geothermal heat pump? How did you handle it? Like a regular Heat Pump or like a solar panel array?

I've seen 2 or 3 in my appraisal career. They cost a little more to install however, I don't think there is a lot of market reaction in most markets. People want a dwelling that is comfortable and most don't care much about how that happens.

 

[madeluca1]

I've seen 2 or 3 in my appraisal career. They cost a little more to install however, I don't think there is a lot of market reaction in most markets. People want a dwelling that is comfortable and most don't care much about how that happens.

I agree. I've seen several over the years in the Pine Barrens area of New Jersey. I've never found a significant adjustment for them.