Geothermal heating

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(11 November 2012, 09:33)BrixhamBadger Wrote: Have you applied for the second/third mortgage that you will need to fund it yet?

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http://www.tnddrilling.co.uk/

Geothermal is a high cost expense its true, but I look on it as prepping. I invest now and get payback over 20 years or so..... that's like stockpiling food where I pay for it now and will consume it over a long time horizon.

The food I stockpile I know that I will consume over time, so its not a waste of money. My investment gives me food security in uncertain times ahead.

The same logic is in my mind with Geothermal: I invest in a system now that will have an immediate effect on reducing / almost eliminating my heating bill, this year and for decades to come. I know that I will consume energy for heating over time, so its not a waste of money, I will always have a pay back. But most importantly my investment will give me energy security in uncertain times ahead, particularly with the idea of using PV to run the pumps.

Another plus point for Geothermal is that its discreet. Its almost invisible to a casual observer, unlike wind or PV.

Costs I'm seeing at the moment are equivalent to that of a decent motor car. In the current environment I am happy to forgo a new automotive status symbol in order to put my money into stuff that will increase my independence.

Borrowing cash to fund it? Actually this might be a good idea. I borrow and install, on long pay back terms. Come the collapse, the banks aren't going to be business as usual.... how are they going to get their cash back from me......how are they going to know where I am? Sounds like a good way to get my own back in a small way on the system that's f****d us all over.

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BB,

Thanks for the link, by the way.

LS