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keadog1

Natural Gas vs Propane vs Geothermal

Keadog1
12 years ago

I searched and couldn't find any pertinent info. Here's my questions:

We are about to build a new home on a large lot (50 acres). The architect was planning on Geothermal with Propane for hot water, fireplaces, cooktop. Last week I learned there is a gas main 1500 feet from our property line and the gas company will run a main line for about $24K.

So, #1 does this seem cost effective for a planned stay of 20-25 years and would it increase the property values? If so, is there a "rule of thumb" %-wise, for increased value on a large parcel with NG?

#2. Does Geothermal still fit into the equation at all (especially considering the 30% Federal Tax Credit)? Architect says he would not use Geothermal if we have access to NG, saving at least $10K in equipment costs (but we would then need AC). Thoughts?

The house will be smallish - 2600 sq ft ranch with walkout basement.

Am I missing anything in this scenario? Have some time, but hope to break ground April 1.

Thanks!

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