While geothermal projects require significant up - front capital investments, especially for exploration, drilling, and power plant construction, the typically low operation cost — including zero expense for fuel — means that over
their lifetimes geothermal power plants are often cost - competitive with fossil fuel or nuclear power plants.
However, since the holes have to be so deep, dry - rock is an energy loser for the vast majority of the planet, unless you are in a
geothermal zone, in which case you have about a 30 - year
lifetime for your
power plant, after which it is useless.