Yes! Installation costs are offset by reduced electric/gas bills and often by tax incentives. Geothermal heat and air conditioning systems require about half of the amount of electricity that is required by conventional systems, according to Forbes. Geothermal well drilling can offer the most cost-effective energy source for regulating your home's temperature. 

According to the United States Department of Energy, geothermal heat pumps can reduce energy consumption and emissions by up to 44% compared to air-source heat pumps and 72% compared to standard air-conditioning equipment. To learn more about this innovative technology, contact our team at Falk Drilling Inc today.

Some of the advantages include: 

• Lower energy bills
• Potential to qualify for special financing through manufacturers, utility companies, and lending institutions
• Possible utility company and tax incentives
• Reduced maintenance costs 
• Very quiet (no noisy fans) and environmentally friendly systems

To get started with our geothermal well drilling services today, give us a call.

According to the United States Environmental Protection Agency, geothermal wells are typically anywhere from 150' to 400 feet deep, with some wells going to 600' for larger commercial projects. Under normal circumstances, your residential geothermal well will not be less than 150' deep. Normally, a 200' well can provide about 500 square feet of heating or cooling area. When you work with our team at Falk Drilling, we'll always strictly adhere to the precise local guidelines set in place for your drilling project. To hear more about our geothermal well drilling services, contact our helpful team today.

With over 30 years in the industry, we can draw on our experience to give you a general geothermal well drilling project timeline. The nature of the soil and the length and depth of the pipes both affect the process, but the installation of a residential geothermal system typically takes our team about two days.

The Geothermal Tax Credit, filed through form 5695, covers expenses associated with the installation of ground source heat pumps. This includes labor, onsite preparation, equipment, assembly, and the necessary piping and wiring used when connecting the system to the home. This is just one of the many reasons why so many homeowners are investing in geothermal well drilling!

These geothermal incentives work just like other tax credits. For example, a homeowner who installs a $26,000 geothermal heating system can take 30% of the cost of the unit and installation and deduct it from their taxes. In this case, the credit would be $7,800 and the actual cost of the new heating system would be $18,200. Are you ready to get started with your geothermal well drilling project? Call our helpful team today.