Economics
Geothermal energy is a type of renewable energy that encourages conservation of natural resources. According to the U.S. Environmental Protection Agency, geo-exchange systems save homeowners 30–70 percent in heating costs, and 20–50 percent in cooling costs, compared to conventional systems. Geo-exchange systems also save money because they require much less maintenance. In addition to being highly reliable they are built to last for decades.
Some utilities, such as Kansas City Power and Light, offer special, lower winter rates for geothermal customers, offering even more savings.
Read more about this topic: Geothermal Heating
Famous quotes containing the word economics:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)