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Will installing a geothermal increase my house value?

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January 20 2013 - Carmel
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Although Geothermal systems are extremely effective, they are also very costly.  You should evaluate all factors based on inital cost versus anticipated years that you plan to stay in the home.  Although the tax credits and energy savings will be appealing to potential buyers, they will not be recaptured dollar for dollar.  I would not recomend adding a geothermal system simply to sell the home and re-capture your entire investment unless you calculate all factors against many years of savings pprior to selling.  In Carmel Indiana, geothermal systems are not uncommon but not as familiar to many buyers as some other parts of the country that might better jusify the systems costs. 
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February 06 2013
I would look for any state rebate or tax credits. I also suggest you have an Energy Audit done on the house. While the geothermal system is efficient you don't want to have a house what is wasting energy. You will just end up working the system to death. I would make the house efficient before considering updating anything else. More efficient homes usually do sell for more. Third-party verification like from an Energy Auditor has been shown to boost buyer confidence when purchasing an upgraded home.
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January 31 2013
Yes, it will increase the value if your house but probably not dollar for dollar. The value of the geothermal system will depend on your future buyers and how much they value having a geothermal system. If they are energy conscious and understand the benefits of geothermal, they will value it. A more house price conscious buyer will not value as much. Install it if you plan to live in the house. If you planning on selling in 2013, I would advise against it.
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January 20 2013
thanks for posting your question on Zillow.com.

systems like this and solar are tough. Nobody that posts an answer can say it will or will not as it is in the eye of the buyer.

I would not recommend installing it for the sole purpose of increasing the value of your home.

good luck.
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January 20 2013
Yes, it should but the question is how much and will it do you any good if you sell in the near future. The payoff for a system like that is years away for the owner and a buyer might find value in the house having it, but I doubt it would be enough to pay you back for the cost to install it.

tim
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January 20 2013
 
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