During times of skyrocketing energy prices, savvy Sherborn residents are going all in for fully electrifying their homes
Yatish and Patricia P. of 5 Towne Lyne Rd started looking for alternatives to oil heat. After careful research and looking at several systems, they decided to consider going for green energy and decided to go for geothermal and solar options. Soaring gas, oil, and electricity rates caused homeowners to evaluate the cost of renewable energy systems formerly considered out of reach. On top of that, the recent Inflation Reduction Act reinstated the 30% federal tax credit available to homeowners which considerably reduces the upfront investment. An additional cut in cost comes from the Mass Save program that provided a $15,000 rebate on the geothermal system. Ground source/geothermal heat pumps extract heat from the ground during cold weather and distribute it throughout your home. During warmer months, this process is reversed to provide cooling. Instead of burning fossil fuels, they’re powered by electricity to move—rather than create—heat and cold to keep your home at a comfortable temperature year-round. This system is the most efficient type of heat pump and can be a great option for properties with sufficient outdoor space. If you consider a system like this or an alternative air-source heat pump, we can connect you to homeowners and installers in the area.
$65,000 (geothermal system)
$55,000 (16 kW solar system, 34-35 panels
$120,000 total w/o incentives and tax credits
$ 68,000 actual cost to the homeowner
|