Please click here to read Part 1: https://www.allianceengineering.ca/industry/geothermal-energy-in-commercial-buildings/
Geothermal energy is extraordinarily cost-effective over a long period of time. Even though up-front costs can be higher, geothermal energy pays for itself in long-term savings from traditional utility types.
Fuel cost fluctuations don’t affect utilities from geothermal energy since it doesn’t require fuel (besides a small amount to power the pumps). Since you’re simply moving heat from one area to another, no fuel source such as oil, natural gas or electricity is required to produce heat. For example:
- In order to generate 1 watt of heat from electricity, you require 1 watt
- In order to generate 1 watt of heat from a geothermal heat pump system, you require less than .25 of a watt
The coefficient of performance (COP) for a geothermal heat pump system is almost 4 compared to just 1 in the case of heat from electric baseboard (Maritime Geothermal Ltd).
Please click here to read Part 3: https://www.allianceengineering.ca/industry/geothermal-energy-in-commercial-buildings-renewability-not-reliance/