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Go GREEN - GO Geothermal !!! |
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65 Francis Lane Little Compton, RI 02837 Phone: (401)338-1231 Fax: (401)592-0042 Email: info@dxgeo.com |
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Using a Home Equity Loan will also afford tax deductions for interest paid on a primary residence. Consult with your Accountant for more information. The State of RI also provides a TAX CREDIT in the amount of $1750 with an installation of a Geothermal System. |
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Sample Payback Analysis |
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This is an example of a retrofit. An existing fossil fuel (oil) fired boiler with Hydro-Radiant Heat replaced by a DxGeothermal System. |
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Sample Home is 3300 sq ft 2x6 construction high performance window glass , insulated foundation, R-19 walls and R-30 Roof |
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Loan is based on Home Equity Loan at 7.00% with 30 year amortization (6.99 per $1000) |
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Oil |
Qty Used |
Yearly |
DxGeothermal |
Loan Amt |
Loan Pmt |
Geo |
Geo |
Monthly |
Principal |
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Price Per |
Gallons |
Heating |
Cost |
For Geo |
at 7% |
Savings |
Savings |
Cash flow |
Payback |
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Gallon |
Per Year |
Costs |
Per Year |
Install |
Rate |
Per Year |
Monthly |
Change |
Term(mths) |
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$ 2.75 |
1000 |
$ 2,750.00 |
$ 687.50 |
$ 20,000.00 |
$ 139.80 |
$ 2,062.50 |
$ 171.88 |
$ 32.08 |
116.36 |
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$ 3.00 |
1000 |
$ 3,000.00 |
$ 750.00 |
$ 20,000.00 |
$ 139.80 |
$ 2,250.00 |
$ 187.50 |
$ 47.70 |
106.67 |
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$ 3.25 |
1000 |
$ 3,250.00 |
$ 812.50 |
$ 20,000.00 |
$ 139.80 |
$ 2,437.50 |
$ 203.13 |
$ 63.33 |
98.46 |
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$ 3.50 |
1000 |
$ 3,500.00 |
$ 875.00 |
$ 20,000.00 |
$ 139.80 |
$ 2,625.00 |
$ 218.75 |
$ 78.95 |
91.43 |
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$ 4.00 |
1000 |
$ 4,000.00 |
$ 1,000.00 |
$ 20,000.00 |
$ 139.80 |
$ 3,000.00 |
$ 250.00 |
$ 110.20 |
80.00 |
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$ 4.50 |
1000 |
$ 4,500.00 |
$ 1,125.00 |
$ 20,000.00 |
$ 139.80 |
$ 3,375.00 |
$ 281.25 |
$ 141.45 |
71.11 |
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$ 5.00 |
1000 |
$ 5,000.00 |
$ 1,250.00 |
$ 20,000.00 |
$ 139.80 |
$ 3,750.00 |
$ 312.50 |
$ 172.70 |
64.00 |