Yes. A GSHP can be a combination heating/cooling and hot water heating system, GSHPs can save you up to 50% on your water-heating bill by preheating tank water.Most of a GSHP installation is underground.GSHPs are very quiet, providing a pleasant environment inside & outside of the home. GSHPs have no noisy fan units to disturb outdoor activities, on or near the house .At European Ground Source Heat Pumps Association website you can get all the detail in respect to Gshp installation and designs.