Answer to Question #57019 in Other Chemistry for emma

Question #57019
How many years would it take for the geothermal system to pay for itself? Assume that you are looking to install a new system, and that you can obtain a government grant to do so. Use the costs that were mentioned on the previous page. Show all of your calculations. Installation Costs • geothermal system: $20 000 • conventional system: $3500 • government grant for geothermal installation: $7000 Operating Costs • geothermal: $100/month • conventional: $150/month, plus $400/yr for air conditioning however on previous page it stated: operate the hot-water tank is around $150 per month. Operating the heat pump would cost about $100 per month, but, without having to pay for air conditioner would save $400 per year.
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