By Asa Oates
What is it
How Much Does it cost
Getting started with geothermal heat is expensive and is affected by many things: location, house size, and the ground that will have to be drilled. Estimates of actual costs are vague, but it is believed that you can expect the overall start-up cost to be double the cost of a standard heat pump with air conditioner. A geothermal heat pump for an average sized house can be roughly estimated to cost around $7,500. You must add the cost of installation to this, which could increase the costs to an estimated $10,000.
. Not Widespread Source of Energy : Since this type of energy is not widely used therefore the unavailability of equipment, staff, infrastructure, training pose hindrance to the installation of geothermal plants across the globe. Not enough skilled manpower and availability of suitable build location pose serious problem in adopting geothermal energy globally.
2. High Installation Costs : To get geothermal energy, requires installation of power plants, to get steam from deep within the earth and this require huge one time investment and require to hire a certified installer and skilled staff needs to be recruited and relocated to plant location. Moreover, electricity towers, stations need to set up to move the power from geothermal plant to consumer.
3. Can Run Out Of Steam : Geothermal sites can run out of steam over a period of time due to drop in temperature or if too much water is injected to cool the rocks and this may result huge loss for the companies which have invested heavily in these plants. Due to this factor, companies have to do extensive initial research before setting up the plant.
4. Suited To Particular Region : It is only suitable for regions which have hot rocks below the earth and can produce steam over a long period of time. For this great research is required which is done by the companies before setting up the plant and this initial cost runs up the bill in setting up the geothermal power plant. Some of these regions are near hilly areas or high up in mountains.
5. May Release Harmful Gases : Geothermal sites may contain some poisonous gases and they can escape deep within the earth, through the holes drilled by the constructors. The geothermal plant must therefore be capable enough to contain these harmful and toxic gases.
6. Transportation : Geothermal Energy can not be easily transported. Once the tapped energy is extracted, it can be only used in the surrounding areas. Other sources of energy like wood, coal or oil can be transported to residential areas but this is not a case with geothermal energy. Also, there is a fear of toxic substances getting released into the atmosphere.