OK, some clarification is required.
Chuck(G) seems to have been thinking about using actual well water for cooling. Possible, but not that good an idea as ground water will start growing all sorts of nasty stuff in the pipes and your heat pump – it would have to be filtered constantly which would be a maintenance headache. Plus, the water table may be too low.
When I’m talking “well” it’s not to use the water you might find at the bottom of the well. It is as chalackd mentions; a well with loops of poly pipe in it. That pipe is filled with glycol and water, and that mixture is kept totally separate from any ground water in the well. The heat pump itself is essentially using the ground (which stays at a constant temperature) to reject heat. If you have 70F water coming from your heat pump to the well, and cool it to 50F by using the ground, you’ve picked up a 20F delta T, using only the energy of a pump circulating the water/glycol mix. You can’t just add heat to the ground though, as over time you’ll end up “baking” the ground (you’ll raise the temperature of the ground above 50F). You have to use it for heat rejection during the summer, and extract heat from it in the winter (for the northern hemisphere).
I’ve seen vertical well systems, and the horizontal well systems. NIST is currently building what they call their NetZero Energy Residential building, which uses three geothermal systems; the vertical bore wells, a horizontal “slinky tube” system, and a horizontal trench system with straight pipes laid in the trench, all to test performance under various conditions.
So you want a residential geothermal system?
I hope you plan on staying in the house for a long time.
Here’s the math: In the PNW you’ll need 1 ton of cooling per 400 sf of house (325 here in the desert). A vertical bore well will provide 1 ton of cooling per 160’ of well. The well, and its piping, flushed and filled, will run between $ 15/lf and $ 20/lf. So, for a 2000 sf house you’d be looking at 5 tons of cooling = 800’ of well = $ 12,000 to $ 16,000. You’ll know what your electricity bills are, can estimating what portion of those bills are for heating and cooling (vs lights, dryers, etc), and can calculate the payback in years. It can take a while.
Clarification: you wouldn't drill an 800' foot well - you'd use four 200' wells.