Are you in a situation where you need to upgrade or install a new heating system? If your answer is yes then you are in the ideal position to seriously consider a more environmentally friendly source of heat. One simple way to compare energy prices is by looking at two different systems, solar energy and geo-thermal energy.
When looking to compare energy prices between these two systems its first important to also look at the advantages and disadvantages that both types of energy have.
Solar Power Advantages;
Because solar power has no moving parts it is a silent energy source so no problems with noise pollution. Solar power can be generated anywhere so it doesn’t matter if you happen to live in a remote area. It doesn’t matter how big or small your home may be, because there is no restriction on the amount of panels you can install solar energy can provide enough power to fuel any property. Solar panels are nearly always fitted to your roof so there is no major reconstruction to worry about. Once you have your solar panels up and running there are no more costs involved. Another plus for solar panels is that they require very little maintenance, simply keep the panels clear from dust and any other debris.
Solar Power disadvantages:
Although the advances in technology are still moving forwards overcast days can effect how much power you can produce. Because your power generation is effected on cloudy days you will need a system that has a battery storage back-up plus a converter to be able to ensure a consistent supply. Another thing you need to bear in mind when you compare energy prices is the initial lay-out costs. With solar energy this can be quite expensive with the average cost of a high quality panel starting at around the $1000 mark and remember you may need more than one to meet your energy needs.
Geo thermal Advantages;
Geo thermal systems can be designed to not only heat your home but cool it as well; they can also incorporate your hot water needs. Because it uses 25% to 40% less electricity than a conventional system the operational costs are considerably lower. Your furnace will not have to run as often with a geo thermal system thus making it more efficient than conventional heating systems. A geo thermal system has a very long life span, 25 years for internal components and 40 years for external.
Geo Thermal Disadvantages;
Again we compare energy prices a geo thermal system will set you back around $30,000 for a home about 1,800 square feet. There are limitations as to where you can use this kind of system. Should you have enough room to run this system outside then you will still need to be connected to the grid.
So in summing up when you compare energy prices both systems have their own pros and cons. It would seem though that solar power has the distinct heads up. You can become self-sufficient, it can be installed anywhere and there are no problems when it comes to construction works.