Geothermal Fact Sheet: Geothermal the Clear Winner Versus Propane
FOR IMMEDIATE RELEASE
FORT WAYNE, IN - Many parts of the United States - including wide areas of the Midwest - are not served by the country's natural gas distribution system. Homeowners in these areas must find alternative ways to heat their homes. When that choice comes down to geothermal energy versus propane gas, the clear winner is geothermal heating and cooling.
GEOTHERMAL ENERGY -
Geothermal is clean, natural and highly efficient. These systems do not burn fossil fuels and do not emit gases that could harm the environment.
Another advantage over propane is that a geothermal system provides both heating and cooling with the same unit - with an option that provides free hot water. With this combination, homeowners can save up to 70 percent on their monthly utility bills. Geothermal also is remarkably efficient, producing four units of energy for every unit of energy consumed. The U.S. Environmental Protection Agency recognizes geothermal as the most efficient, cost-effective and environmentally friendly energy technology available today.
PROPANE GAS -
In general, when inventories of propane at the start of the winter season are low, chances increase that higher propane prices may occur during the winter season.
Propane prices also occasionally rise higher than would be expected from normal supply/demand fluctuations. The main cause seems to lie in the logistical difficulty of obtaining re-supply during the peak heating system. Because propane is produced at a relatively steady rate year-round, there is no ready source of incremental production when supplies run low. Wholesalers and retailers are forced to pass on price increases to consumers.
Propane prices, on the other hand, can rise with the winter heating season because of a number of factors. Over a six-year period from 1994 to 2000, propane prices followed the price trends of crude oil.*
For more information about the advantages of geothermal energy, visit the WaterFurnace International website, www.waterfurnace.com., where you can also find the name of your local WaterFurnace supplier. WaterFurnace International is one of North America's leading manufacturers and distributors of geothermal heating and cooling systems.
* Source for information on propane gas: Energy Information Administration (EIA), an independent statistical agency within the U.S. Department of Energy, Propane Prices: What Consumers Should Know, 10/26/2000.