Introduction
Geothermal heat pump systems are increasingly popular across Ontario. Versatile, durable, and environmentally friendly, they offer home and cottage owners the opportunity to invest in the future of the planet while also ensuring reliable and economical year-round comfort.
Geothermal heat pump systems harness the Earth's stable geothermal properties to warm interior spaces in the winter and cool them in the summer. But do they also heat up property values when it comes time to sell?
Most homeowners carefully run the numbers before investing in a geothermal system, but many may forget to factor in the potential for an increase in future resale profit. In many cases, geothermal heating and cooling systems do make properties more competitive and boost offer prices. Below, we take a closer look at why:
Benefits of Geothermal Systems
The benefits of geothermal heat pumps are numerous. They include:
- High Efficiency - A geothermal heating and cooling system offers up to 4 times the efficiency of a traditional HVAC system.
- Exceptional Savings - Drastically decrease your monthly energy bills and HVAC maintenance, repair, and operating costs.
- Eco-Friendly - By installing a geothermal heat pump system, you can reduce your home's carbon emissions by more than 60%!
- Versatility - Use the same system and principles to keep your home comfortable no matter the season. The earth's geothermal properties are completely renewable and available to you year-round!
- Safety - Geothermal heat pump systems are quiet, odourless, and completely free of combustibles.
What Are the Savings
The decision to invest in a geothermal system may be influenced by a variety of factors including environmental and safety preferences. When it comes to savings, though, geothermal technology definitely has a lot to offer:
- Save on Monthly Energy Costs - Substantial monthly energy savings are to be expected based on the high-efficiency outcomes associated with heat pumps.
- Save on Replacement Costs Over Time - Whereas traditional HVAC systems last approximately 15-20 years, heat pumps can last for 25 years and loop systems can last for 50.
- Save on All-Season Functionality - Eliminate the need for separate heating and cooling systems when you invest in a geothermal heat pump system.
- Save on Improved Indoor Air Quality - Reduce concerns about soot, carbon monoxide, or other air contaminants in your living space.
Tips for Maximizing Resale Value
Thinking about listing your property and wondering how to optimize your geothermal system as a sales feature? Here are a few tips from the team at SMHC:
- Consider investing in a comprehensive system that takes care of all your home's HVAC needs in every season, if possible. Potential buyers will appreciate the ease, convenience, and reliability of a streamlined home comfort solution.
- Consider providing a short description of the benefits of your geothermal system, including annual energy costs, in your property listing.
- Be sure to keep clear records of all installation and maintenance work.
Install Geothermal With SMHC
Ready to invest in a greener and more comfortable future with a geothermal heat pump system installation that could also increase your property's future resale value? At Simcoe Muskoka Home Comfort, our experienced team is ready to take on your project with professionalism and expertise. Contact us today to book a consultation!
