While there is no definitive answer on how geothermal heating and cooling systems affect property value, but many will say they either do not affect the value, or that they increase the value. There’s no solid data available to answer the property value question because often times, there aren’t comparable homes which have sold in the area that have geothermal systems. This means your appraiser or realtor may not be able to tell you with certainty that your geothermal heating and cooling system is an added value.
Because of the lack of consumer knowledge about geothermal heating and cooling systems, they can be overlooked when potential buyers evaluate your home. Many people do not recognize the energy savings benefits and lower operating costs associated with geothermal, and may think it’s just a typical furnace in your home. While geothermal heating and cooling systems are becoming more common, many people still do not know about their benefits, leading some to believe the system will not noticeably increase your property value.
On the other hand, geothermal heating and cooling systems are also thought to increase property value. Those who are aware of their benefits recognize the energy saving potential these systems offer. For homebuyers who are looking for sustainable systems and features, a geothermal heating and cooling system is an asset.
Either way, geothermal heating and cooling systems generally do not decrease your property value when installed correctly. It is important to work with a trusted contractor when installing a geothermal heating and cooling system to protect your home’s value and eliminate risks associated with faulty installation which can lower the property value. Smith Sustainable Design is a full service engineering, construction management, and installation provider, offering quality, reliable installation for residential and commercial geothermal heating and cooling systems. Contact us today to discuss a new geothermal heating and cooling system for your home.