JML755 - Jahaze Michigan Geothermal

Rick Kr

Well-known Member
Just caught your last post on geothermal.

My summer bill just doubled. My electric is supplied by Consumer Energy. There is a penalty over a certain kwh consumption, to help deter excessive A/C usage.

I would double check with your electric provider what the actual summer savings will be. Last I knew, DTE ran two meters to the house, one for the house and one dedicated to the geo-unit. Where Consumers Energy (mid-Mich), only runs one meter, at a tiny bit of a discounted rate.

Rick
 
Also just caught up on the Geo post. There is a 30% federal tax credit that is also available for the total Geo cost. On a system we just put in a new house, the credit comes to $5400. Also, here in SD there is a property tax reduction available. They reduce your valuation with the installation of the Geo for 4 years. Helps with the payback time.
 

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