Average Geothermal Cost Savings in Michigan

Over 500,000 homes throughout the United States use Geothermal heating and cooling systems with national customer satisfaction ratings over 90 percent. Over 1,000 customers a year in Michigan choose these Geothermal systems. Geothermal systems have successfully been installed north of the Arctic Circle so the cold weather in Michigan is no problem. Review the cost comparison below to see the potential savings for an average Detroit Edison customer.

Note: This chart is based on MichCon natural gas prices ($0.9755 per CCF plus $8.50 monthly service charge), and average propane and oil prices as reported by the Michigan Public Service Commission ($1.96 and $2.37 per gallon, respectively). Detroit Edison offers a special electric rate for geothermal heating and cooling. The D1.7 Space Heating rate offers customers a 50 percent savings over the standard D1 residential rate.

Home Size	With a Geothermal System	With a Natural Gas System*	With a Propane/Oil System**
1,800 sq. ft.	$500	$2,130	$2,800
2,400 sq. ft.	$620	$2,600	$3,500
3,000 sq. ft.	$760	$3,150	$4,200
4,000 sq. ft.	$1,000	$4,000	$5,600

* Based on 90% efficient gas furnace, gas water heater, and electric central air conditioning
**Based on 90% efficient propane furnace, propane water heater, and electric central air conditioning
Costs listed are typical; your actual costs may vary

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