Use Geothermal Heat To Save Money On Your Household Heating Bills
We are all looking for the cheapest electricity and natural gas prices, after all the less we spend on our fuel bills the more we have left over for the pleasures in life. So how attractive would it be to heat your home for free? It is possible by using geothermal energy.
The Queen of England is planning to cut energy bills at Buckingham Palace for centuries to come by creating an underground network to extract heat from the earths natural warmth. The pipes containing water and a refrigerant chemical will run from the palace to the 4 acre lake in the grounds. As the water runs through the coiled loops of pipe placed on the bed of the lake it is warmed to a temperature of around 55F/12C. When the water arrives back at the palace it will go through a compressor which raises the temperature to around 140F/60C, and then through a heat exchanger (metal plates) which warms the water used in taps and the heating system in the palace. There is of course considerable capital expenditure required to get the system up and running, but it is estimated that this will be recouped in 3 years by savings on the...