Well-Connect® is leading the way in geothermal heating and cooling for rural homeowners.
With Well-Connect, homeowners with wells can heat their home for as low as $600 all winter, cool their home for as low as $50 all summer and finance for as low as $80 a month after incentives. In most cases, these savings more than pay for the system each month!
In total, investing in our water-source geothermal heat pump can save most households more than $1,000 each year on heating and cooling costs and tens of thousands of dollars over the life of the system. Well-Connect starts paying for itself immediately, even if you choose to finance 100% of the system.
Is a Hybrid Geothermal System Affordable?
A Well-Connect hybrid geothermal system is less expensive than traditional geothermal systems. Unlike traditional geothermal, a Well-Connect is simply added to your home's existing system, allowing it to be installed in one day.
How Much Does Well-Connect Cost?
The cost of your Well-Connect system will depend on a variety of factors. In most cases, an installed system costs $12,000 - $15,000, substantially less than conventional geothermal systems which cost on average between $30,000 and $40,000. Homeowners who take advantage of tax credits and incentives may pay as little as $8,000 - $10,000. A DIY installation option and participation in our referral program reduce these out of pocket costs even further.
During an expected useful life of 25 years, a Well-Connect will reduce a typical rural home’s heating costs by $30,000 to $40,000 depending on the local price for electricity and heating fuels like propane and fuel oil. Said differently, heating with a Well-Connect Hybrid Geothermal System is the cost equivalent to paying about $1.00 per gallon of propane for the next two decades and that includes the cost of the installed Well-Connect system. Homes currently heated with fuel oil can realize a similar, cost equivalent reduction.
Are Geothermal Tax Credits Available for Well-Connect Systems?
Yes. The federal government offers a tax incentive for HVAC equipment that uses renewable energy, including geothermal heat pumps. This means you receive money back (or receive a credit against your tax bill) for investing in a Well-Connect for your home.
Current Incentives include:
26% tax credit for systems placed in service before the end of 2022.
23% tax credit for systems placed in service in 2023.
Are Rebates Available for the
Well-Connect System?
Yes. If you are a member of a rural electric cooperative, there are rebates available that range from $1,000 to over $2,000. In addition, many electric utilities have lower electric rates for geothermal heat pumps – this further reduces your heating and cooling costs.
Geothermal Financing Options
On top of the federal tax credit, geothermal financing options make investing in a Well-Connect simple. When factoring in incentives, monthly payments can be as low as $80. With an average monthly energy savings of $100 for most households, Well-Connect pays for itself while keeping money in your pocket. And when your Well-Connect is paid in full, enjoy decades of year-round home comfort while cutting your energy bill in half or more.
Homeowners may finance their new Well-Connect systems through a variety of providers for several different term rates. Speak with your local dealer to learn more about the financing options available to you.
Home Improvement Financing
Well-Connect may also be purchased with home improvement financing such as a personal loan, home equity line of credit, home equity loan or even mortgage refinancing. However, through rebates, tax credits and utility incentives, homeowners typically pay $8,000 - $10,000 out of pocket for Well-Connect if they choose not to finance it.
Well-Connect Referral Program
Well-Connect owners who successfully refer a friend or family member can receive a $500 rebate for each referral to help pay for their Well-Connect. Many Well-Connect customers have received thousands in referral payments. In some cases, nearly paying for their entire Well-Connect system. Visit our referral page to learn more or to submit your successful referral.
Well-Connect is a Financial "No-Brainer"
If you could ‘lock-in’ at an equivalent cost of about $1.00 per gallon or even $1.30 per gallon for propane for the next two decades and it cost you nothing to do that, would you? Plus you'll benefit from the most efficient air conditioning system at no extra cost and eliminate 4 to 6 tons of CO2 emissions every year, on average.
For most rural homes, Well-Connect is a financial no-brainer. Take advantage of available financing, rebate and geothermal tax credits to secure your Well-Connect. Contact our team today at (989) 356-2113 or request information online and we'll run the projections for your home.
