What is the Average Cost of a Geothermal Heat Pump? Average Geothermal Heat Pump Price

A geothermal heating system is a central heating and/or cooling system. By using the earth as a heating source, this system increases efficiency and decreases utility costs. A lake or pond loop system costs on average $1000, while an open loop costs on average $6000. A horizontal loop system costs on average $2000, while a vertical loop costs on average $2200. Installation of these systems costs roughly $1200, depending on the existing materials. The pump itself costs on average $5000.