Economics
A geothermal system will significantly reduce energy consumption, operating, maintenance and replacement costs and water use. Simply, it means lower energy bills, no roof top chillers to replace, and the most environmentally friendly decision a building owner can take. Paybacks can vary but are generally are very strong when compared to conventional systems.
GHP addresses baseload demand and thus provides the greatest push towards energy efficiency and net zero building goals.
According to the US Department of Energy, a GHP system such as those offered by EnLink reduces energy use up to 70%.
Since most geothermal systems are closed loop, there is little to no on-site use of water, savings hundreds of thousands of gallons per year for an average sized elementary school. As use of scarce water resources becomes more of a policy issue, a GHP system is a superior way to achieve significant water savings.
A geothermal system is the perfect hedge against inflation in energy prices (electricity, natural gas and heating oil), giving you a level of economic certainty unattainable with conventional HVAC.
Further, federal, state and local tax incentives enhance the economics
of a GHP system. Tax credits, rebates, loans, accelerated depreciation
and other incentives make the systems a “home run” compared to conventional.
Learn more about commercial incentives.
Following is an example of a commercial building comparing GHP with 300
tons of conventional
HVAC installed by EnLink in 2009:
COST COMPARISON: ACTUAL ENLINK PROJECT
For more case studies on savings provided EnLink’s projects, Click
Here.