Finally! A solution available to all homeowners!
There are now highly efficient technologies such as direct expansion – increasingly common – that restores 4.5 kw of energy for every kw consumed.
Geothermal energy, which takes advantage of a stable source of heat year-round, works like a heat pump, except that instead of drawing heat from the air, it’s drawn from the ground. Unaffordable a few years ago, this solution is now perfectly conceivable.
Almost 90% of Québec homeowners could benefit from a geothermal system if they decided to make the necessary investment. For a 1,500 square foot house, this would mean between $17,000 and $18,000, however it’s worth crunching the numbers, since geothermal energy can help save up to 70% of the electricity consumed in a house with an electric heating system. As for systems using natural gas, propane or heating oil, the savings could average respectively 30%, 50%, and as much as 80% in annual costs.
The bigger the house, the sooner the investment is paid back. However, with the grants and subsidies currently offered, even the owner of a smaller home can recoup his investment in 7 or 8 years.
The Rénoclimat program offers financial assistance of $5,365 if you replace or purchase a new heating oil or propane system, and $2,115 if it’s an electric system.
Until November 1st, 2014, the Chauffez Vert section of the Rénoclimat program will provide you with up to an additional $1,275 when replacing a heating oil system, or up to $850 if it’s a propane gas system.