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Author Topic: Heat from Mining efficiency  (Read 3348 times)
vapourminer
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what is this "brake pedal" you speak of?


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October 02, 2012, 12:41:11 AM
 #21

if you are paying for heat, I would say that it could pay for itself in 3-5 years.

we figure our geothermal system will have payed for itself in 5-7 years.

EDIT: thats the combined savings on air conditioning, hot water and heat, all which are geothermal now.
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October 02, 2012, 05:30:39 AM
 #22

if you are paying for heat, I would say that it could pay for itself in 3-5 years.

we figure our geothermal system will have payed for itself in 5-7 years.

EDIT: thats the combined savings on air conditioning, hot water and heat, all which are geothermal now.

Yeah, yours is a closed loop. I've only looked at open loops because we have the water table to support them here, and they are cheaper to install and and more efficient.
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October 02, 2012, 08:52:22 AM
 #23

Maybe I can convince my landlord to get a geothermal system if the utility company will allow some sort of tax break or an incentive program or something.

30 percent federal tax credit for geothermal right now.

but we're libertarian

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October 02, 2012, 05:19:23 PM
 #24

30 percent federal tax credit for geothermal right now.
but we're libertarian

Just because you disagree with a policy, it doesn't make it wrong or hypocritical to take advantage of that policy.

I'll give an example of Social Security. I'm against the collection of funds in this way but when I reach age 67, I'll take whatever payments are available. If they hadn't taken the money from me, then I would have invested it on my own and been able to get the benefit from that, but because they did take the money, all I'm doing is trying to recoup the losses.

Similarily, here, the government should be taxing 0%, but they aren't so any tax credit is just trying to get back to normal. My preference would be that they do not subsidize any energy including the coal plants, and that they strictly enforce property rights by which companies would be liable for any pollution that goes outside their property. But instead, we have a system that showers subsidies to polluting energy and them indemnifies them against their pollution, and trickles some to clean energy in a pathetic attempt to appear balanced.
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October 03, 2012, 07:15:03 PM
 #25

30 percent federal tax credit for geothermal right now.
but we're libertarian

Just because you disagree with a policy, it doesn't make it wrong or hypocritical to take advantage of that policy.

I'll give an example of Social Security. I'm against the collection of funds in this way but when I reach age 67, I'll take whatever payments are available. If they hadn't taken the money from me, then I would have invested it on my own and been able to get the benefit from that, but because they did take the money, all I'm doing is trying to recoup the losses.

Similarily, here, the government should be taxing 0%, but they aren't so any tax credit is just trying to get back to normal. My preference would be that they do not subsidize any energy including the coal plants, and that they strictly enforce property rights by which companies would be liable for any pollution that goes outside their property. But instead, we have a system that showers subsidies to polluting energy and them indemnifies them against their pollution, and trickles some to clean energy in a pathetic attempt to appear balanced.

I knwo your POINT, but because I'm libertarian that would make the appeal of doing GEOTHERMAL because it has a tax credit LESS effective

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vapourminer
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what is this "brake pedal" you speak of?


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October 03, 2012, 10:47:51 PM
Last edit: October 03, 2012, 11:01:07 PM by vapourminer
 #26

Just because you disagree with a policy, it doesn't make it wrong or hypocritical to take advantage of that policy.
I knwo your POINT, but because I'm libertarian that would make the appeal of doing GEOTHERMAL because it has a tax credit LESS effective

ok, so dont use the credit. it will just be a longer time for payback.

do it anyway. its clean, very even heating/cooling. and (can be) maintained to 1 degree F at all times, you dont have to use timers to setback temps at night or whatever, although you can. its generally most efficient to leave the house @ 70 F [or whatever] day and night.

as a bonus, your mining waste heat will be used to preheat your hot water in the summer when cooling your house.

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October 03, 2012, 11:15:04 PM
 #27

I knwo your POINT, but because I'm libertarian that would make the appeal of doing GEOTHERMAL because it has a tax credit LESS effective

I guess it depends on your marginal rate. If you are have a 35% marginal rate, then the 33% you get back has nothing to do with it because the government still took 2% they shouldn't have. If you have a 28% marginal rate, then yeah, you're getting 5% for free. But regardless, it's still an effective investment, even with the government taking their full cut.
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