Mark K
Elite Member
- Joined
- Jan 27, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Indiana
Not common but also not rare in this area, if that makes sense. Most seen in the rural areas with lots large enough for a ground loop that can be quite long. As other have said, other options for the loop include submersed in a pond or an open or closed loop well. Ground water is drawn from a well, heat extracted from it and then it is dumped into a creek or pond. Also have closed loops in deep wells.
I've never found an effect on the market value between it and a WFA/AC system. At first they were a bit maintenance heavy but they've seem to have worked out most of the bugs. Generally as reliable as other systems but a bit more expensive to install.
We have very few air-air heat pumps due to the extreme temps in the winter. They can't extract enough heat in the winter and the back up system kicks on and this is often electric resistance heat, very expensive way to keep warm. Some backups are propane, not as bad as elec but the heat pumps works very hard and have a life expectancy of only about 7 years. Sometimes see a negative market reaction to air-air heat pump; people know they don't last long.
I've never found an effect on the market value between it and a WFA/AC system. At first they were a bit maintenance heavy but they've seem to have worked out most of the bugs. Generally as reliable as other systems but a bit more expensive to install.
We have very few air-air heat pumps due to the extreme temps in the winter. They can't extract enough heat in the winter and the back up system kicks on and this is often electric resistance heat, very expensive way to keep warm. Some backups are propane, not as bad as elec but the heat pumps works very hard and have a life expectancy of only about 7 years. Sometimes see a negative market reaction to air-air heat pump; people know they don't last long.