Steve (Chipper) - would love to see where you've gotten too on your quotes.
For vertical vs. horizontal, I ASSUME horizontal given the typically lower cost, but haven't found any design guidelines to back up that assertion. Just how much space does one need per ton, etc. I have a 1.7AC lot, but well, septic, outbuildings,...
Jeff - a geothermal heatpump works by exchanging thermal energy with the earth. It uses exactly the same physics as an (air to air) heatpump, which itself uses exactly the same principle as the AC in your house:
the AC compresses a refrigerant causing it to become a hot liquid. This hot liquid is hotter than the ambient outside temperature (even when its 100 degrees out) and run through a heat exchanger, thus giving up some heat to the outside, thus causing thee liquid to cool some. The liquid is then allowed to evaporate to a gas, expanding, which causes its temperature to drop precipitously (Gas Law). This is run through a heat exchanger so that it absorbs heat from the inside of your house, thus cooling your house. Then the AC compresses this warm gas into a hot liquid and the cycle repeats.
In winter, this cycle runs in reverse, so that hot compressed liquid gives its heat up to your house, and the cold gas absorbs heat from the cold-but-warmer-than-the-gas outdoors.
Since the hot liquid and the cold gas states of the refrigerant are usually hotter and colder than the ambient temperature respectively, the process works.
-Mark