Economics
Geothermal energy is a type of renewable energy that encourages conservation of natural resources. According to the U.S. Environmental Protection Agency, geo-exchange systems save homeowners 30–70 percent in heating costs, and 20–50 percent in cooling costs, compared to conventional systems. Geo-exchange systems also save money because they require much less maintenance. In addition to being highly reliable they are built to last for decades.
Some utilities, such as Kansas City Power and Light, offer special, lower winter rates for geothermal customers, offering even more savings.
Read more about this topic: Geothermal Heating
Famous quotes containing the word economics:
“Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)