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Drilling ContractorWell Drilling Contractor
Falk Drilling Inc provides installation, repairs, and maintenance for water wells and geothermal wells throughout North Dakota, South Dakota, and Minnesota.
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Frequently Asked Questions About Falk Drilling Inc
Can geothermal well drilling reduce my heating and air bill?
Installation costs are offset by reduced electric/gas bills and often by tax incentives. Geothermal heat and air conditioning systems require about half of the amount of electricity that is required by conventional systems. Geothermal offers the most cost-effective technologies for regulating your home's temperature. Compared to regular HVAC, these greener systems can reduce your bills by 40 to 70 percent.
What are the advantages of geothermal heat, air, and water heating?
Advantages include:
- Lower energy bills
- Potential to qualify for special financing through manufacturers, utility companies, and lending institutions
- Possible utility company and tax incentives
- Reduced maintenance costs
- Very quiet (no noisy fans) and environmentally friendly systems
How deep is the average geothermal well?
Geothermal wells are typically anywhere from 150 to 400 feet deep, with some wells going to 600 feet for larger commercial projects. Under normal circumstances, your residential geothermal well will not be less than 150 feet deep. A 200-foot well can normally provide about 500 sq. ft. of heating or cooling area.
How long does geothermal drilling take?
Many factors, such as the nature of the soil and the length and depth of the pipes, affect the process, but the installation of a residential geothermal system typically takes about 2 days.
Is there a federal tax credit for geothermal?
The Geothermal Tax Credit, filed through Form 5695, covers expenses associated with the installation of ground source heat pumps. This includes labor, on-site preparation, equipment, assembly, and the necessary piping and wiring used when connecting the system to the home.
How does a 30 percent geothermal tax credit work?
For example, a homeowner who installs a $26,000 geothermal heating system can take 30 percent of the cost of the unit and installation and deduct it from his or her taxes. In this case, the credit would be $7,800 and the actual cost of the new heating system would be $18,200.