News : Ultra Geothermal finds savings underground

Apr 28, 2014

Published in Foster's Daily Democrat

BY HEIKKI PERRY

BARRINGTON — Although the technology is more expensive up front, geothermal energy’s down-the-road savings are unrivaled.

Depending on local geologic conditions, however, one method of harnessing geothermal energy can prove superior to the other, and that’s where Barrington-based Ultra Geothermal has made its mark.

Studies have showed geothermal energy to be four to five times as efficient as standard heating oil, making it one of the most long-term cost-efficient energy solutions anywhere. Adding to this outstanding efficiency, geothermal systems may save a homeowner 60 to 70 percent in heating costs, and 70 to 80 percent in cooling costs. When federal-sponsored tax incentives and interest-free loans are added to the mix, many price- and sustainability-conscious consumers opt for a geothermal system.

Read more in Foster's.