Geothermal Energy Essay

1270 Words 6 Pages
Geothermal Energy In today's world, we are stuck in a constant debate about efficient energy usage and production. Many have gone to alternative fuel sources do to the rising cost of fossil fuels and the environmental damage caused by the burning of fossil fuels. One option that goes largely unexplored is geothermal energy. Geothermal energy is not only a much more environmentally-friendly power source than fossil fuels, but the cost of installation is not significantly more expensive than the installation of a new “High Efficiency” conventional heating system. The focus of this inquiry will be upon single-household use, however it will also delve into geothermal energy on an industrial scale. The first question any reasonable homeowner …show more content…
After this point you will continue to save the $2617 per year. Based on Jay Egg's professional calculations, you will save $31,855 over the course of 15 years over installing a new “High Efficiency” conventional system, and $9,885 without factoring the cost of a new high efficiency system. Another question homeowners generally ask is: Where do these costs come from? The majority of the costs of installing a closed loop subsoil geothermal system in your household come from the cost of drilling the bore holes and running the piping. Costs, which while not factored in to the above equation, may be reduced due to your specific location (Next to a large body of water, likely meaning the presence of an aquifer beneath the Earth below your house.) In your home, depending upon the presence of an aquifer or the ability to place piping into the lake, you may opt instead to use an open or closed loop system that runs either through the lake in pipes (closed loop) or into and out of an underground aquifer through two pipes, using free standing water as the heat exchange medium (open-loop system). The costs of these systems are typically less
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