Expert Insights: Lockhart Industries

November 2, 2020

 

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VANCOUVER ISLAND – Did you know that the sun supplies 10,000 times more energy than the world uses? So there’s really no need to burn anything to power our energy needs. Instead, we can simply repurpose the energy that the earth provides.

The 1st Law of Thermodynamics states:

“Energy can be neither created nor destroyed, only transformed from one form to another.”

Although great strides have been made in the solar energy field, we still lack the ability to dispatch, on demand, the energy we harvest from the sun. That is … until now.

A leader and innovator in the green energy field, Lockhart Industries Ltd has been pioneering Geo-Exchange solutions on Vancouver Island for over 45 years. Now they’re going fully NetZero.

By marrying two of the cleanest and greenest energy sources – Solar (PV) and GeoExchange (GHP) – we can pull enough of the sun’s energy indirectly from the ground, a pond, lake or the ocean (geo) and combine it with direct energy from the sun itself (solar) to achieve a NetZero home.

This means that you will never have to pay for energy again as you will be getting 100 per cent of your home’s energy needs – including heating, cooling, domestic hot water (DHW) and all plug load (fridge, stove, lights etc) – from the sun. And did we mention that this system creates ZERO EMISSIONS!

On average, this combination of solar and Geo-Exchange pays for itself in 8 years. That means that the system, which will supply 100 per cent of your home’s heating and cooling needs, your hot water and all your home’s plug load starts paying you after the 8-year mark.

Once the amount of your monthly hydro savings (since you’re not paying the energy companies anymore) surpasses the initial cost of the system, it’s now pure profit – paying you month after month for the next 22 years (the lifespan of the system is 30 years).

So depending on your energy usage and the size of your house, you could be pocketing from $150,000 up to $450,000 over the lifetime of the system. Not a bad return on investment!!

By eliminating the 60-70 per cent of ongoing house ownership expenses that is heating, cooling and hot water, everybody wins. You get a greener home, you contribute to a greener environment and you get to add a large amount of green to your retirement fund.

Visit Lockhart Industries at lockhart.ca or give their office a call at (250) 748-1731 for more info on this new GeoSolar Exchange system.

Calculations and savings are based on average energy costs, number of residents and consumption rates thus individual values may vary and differ -from those estimated herein. No guarantees are given here on actual costs being the same as estimated costs.

Conventional Home – Annual cost: $7,000; Savings/Year: $0; Payback: Never  GeoExchange – Annual cost: $2,310; Savings/Year: $4,639; Payback: 3.8 Years  GeoExchange /w Solar – Annual cost: $0; Savings/Year: $7,000; Payback: 5.7 Years 

 

 

 

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