cost of a geothermal power plant for the home
The initial costs of geothermal energy are high -- wells can cost $1 to $4 million each to drill, and installation of a home geothermal pump system can run as much as $30,000 [sources: REPP, Consumer Energy Center ].owever, a home geothermal energy pump can cut energy bills by 30 to 40 percent and will pay for itself within 5 to 10 years [source: Consumer Energy Center ]. Geothermal energy is considered renewable because the heat is continually replaced.