“You get what you pay for” The geothermal system is considered the leading heating and cooling system available in the world to date. The question is whether it is worth the cost to install it. To answer this question, we must first ask ourselves: What features make Geothermal System being considered the leading heating and cooling system? Features: So one can easily conclude that the cost of a geothermal system is proportional to its value and what it offers to its user. Therefore when we talk about geothermal energy and its cost, we have to take into account all the elements and not just the initial installation cost. For example if one does the math and takes into account the installation, operation and maintenance costs based on 15years for both geothermal and air source heat pump then one will come to the conclusion that Geothermal costs less. So, with energy

Photovoltaic (PV) (RES) Electricity generation Geothermal System (RES) Heating/Cooling/DHW Financial tools Direct Financing Subsidy from the “Exoikonomo-Epicheiro” program 40-50%Indirect FinancingOver-depreciation Law 200% for energy efficiency investments Such investments (for tax purposes) are over-depreciated by 100%+100%=200%. This reduces taxable profits, and therefore the tax paid by the businessZero Energy consumptionUtilizing the above financial tools, your hotel turns into a building with Nearly zero Energy consumption (NZEB)!!! Χρηματοδοτικά εργαλεία Άμεση ΧρηματοδότησηΕπιδότηση από το πρόγραμμα Εξοικονομώ-Επιχειρώ 40-50%Έμμεση ΧρηματοδότησηΝόμος Υπερ-αποσβέσεων 200% για επενδύσεις σε ενεργειακή απόδοση. Οι επενδύσεις αυτές (για φορολογικούς σκοπούς) υπερ-αποσβένονται με 100%+100%=200%. Αυτό μειώνει τα φορολογητέα κέρδη, άρα το φόρο που καταβάλει η επιχείρηση.Mηδενική κατανάλωση ενέργειαςΑξιοποιώντας τα παραπάνω χρηματοδοτικά εργαλεία το ξενοδοχείο σας μετατρέπεται σε κτίριο με σχεδόν μηδενική κατανάλωση ενέργειας (NZEB)!! Why Geothermy? Reduction in the required installed Power of the PhotovoltaicIt reduces the size and thus the cost of the Photovoltaic system (PV) system (up to 40%) as the

The combination of Geothermal System and Photovoltaic they can turn a building into an NZEB i.e. a building with almost zero energy consumption. It is worth noting that both systems are part of the RES (Renewable Energy Sources) family. But in a building these are used for a different purpose: The Photovoltaic installation has the role of the electricity producer (Producer) The Geothermal System has the role of the Heating/Cooling system (Consumer)  At this point you raise the reasonable question “Since the Geothermal system consumes energy why does it belong to the RES family?” The following tables give the answer to this question Geothermal systems can be applied in any climate for heating or cooling systems, whereas other options have restrictions as to the optimal climatic conditions (Tables 1 & 2). What is more, Geothermal Systems can perform much more efficiently than all other systems and the equipment has