When people talk about generating energy at home, I tend to picture solar panels. But I recently looked at investing in photovoltaic (PV) panels and decided they weren't for me. And that was before the government slashed the rates paid on feed-in tariffs which will have put even more people off.
Quite a few people said they didn't want solar panels either and asked instead about ground source heat pumps. I've been taking a closer look at geothermal pumps to see if they're suitable for my house and how much people can hope to save.
What is a ground source heat pump?
Ground source heat pumps have always sounded a bit futuristic to me. I've been incorrectly picturing deeply-buried pumps harvesting warmth from the molten core of the earth. Yes, I know that's 30 miles down — but I hadn't really given it a lot of thought!
The technology is a lot simpler than that. A network of water pipes is buried in your garden, with a heat pump at ground level. That pumps a mixture of water and anti-freeze around the pipes. The ground retains the sun's heat, which warms the pipes, and then the heat pump extracts the warmth and raises it to a higher temperature.
These pumps aren't technically renewable energy sources, as they do need electricity to power them.
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Is it suitable for me?
Unfortunately, ground source heat pumps aren't remotely suitable for my house. In fact, they don't seem to be suitable for the vast majority of properties.
While you don't need to have acres of gardens to fit the coils as they can be buried vertically, you do need enough room for a digger to operate. My town garden isn't really big enough.
Not only that, my house is warmed by radiators. Because ground source heat pumps can't belt out heat like a more conventional system, they don't work well with that kind of heating system. In fact they work best with low heat systems, like underfloor heating.
Finally, the Energy Saving Trust simply doesn't recommend ground source heat pumps to properties that are hooked up to the gas network as it is comparatively cheap. Homes that are fitted with the pumps still need electricity in order to power them, so it's very hard to save money if you're hooked up to the National Grid.
The real savings come if you're replacing a costly electric, liquid petroleum gas or coal-fired heating system. Ideally you'd have it installed while you built or renovated the property, to keep costs as low as you can. It is possible to retro-fit this technology if it's suitable but obviously that increases the expense.
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How much do they cost?
If your home could save money with a ground source heat pump, you need to consider how much it would cost to fit to see just how long it would take you to make back the installation costs.
Because my house is so unsuitable I couldn't get a quote for the work, but the Energy Saving Trust says that a typical system costs between £9,000 and £17,000. The longer the loops, the more it will cost you but the more heat you can harvest.
It estimates that a typical ground source heat pump will save you £480 a year if you use electric heaters, £180 a year if you currently use oil to heat your home and £200 a year if you're replacing solid fuel.
At that rate, it will take quite a few years to earn back the installation costs. However, if you don't use gas to heat your home then you can apply for assistance with the cost of installation under the Renewable Heat Premium. You need to apply before the end of March to benefit.
What do they cost to maintain?
You don't want to have to dig up half your garden to fix your heating, so how much maintenance does a pump need?
The good news is that this equipment needs very little maintenance once it's installed; the Energy Saving Trust calls it 'fit and forget' technology.
However, that's assuming that you've had decent equipment fitted in the first place. A quick visit to several home-generation forums shows that many people have difficulties because of shoddy work carried out by unskilled fitters who've simply jumped on the 'green pound' and don't have the experience needed.
Best way for you to save
It can't be stressed enough: If you haven't insulated and draught-proofed your home then there's no point installing any kind of renewable energy system.
But if you've taken steps to cut the power you use in your home, then the right technology could save you money and cut your environmental impact.
If you're not sure what sort of renewable energy tech would save you money then it's worth taking a look at the Energy Saving Trust's questionnaire to find out what's best for you.
Felicity is Yahoo! Finance's money-saving columnist. If you have a money-saving scheme you'd like to see tried out then let us know in the comment box below.


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