Living in the midwest I would like to run the pipes in the floor, and use a corn burner to heat the water. Right now corn price is good, but usually you can buy pretty cheap in the off season. It is nice because the heated floor heats up everything in the shop, tools, benchs, instead of just the air. The temp warms up very quickly after the door is open. Only complaint I have heard is one guy complained because his feet sweat when working on those floors. One of our CAT shops has this.
My father has a ground source heat pump to heat/ cool his house. The initial install is pretty steap, but you reap the savings for a long time. We had three wells dug in the back yard 150 feet deep, and a trench about 12 feet deep. A closed loop of plastic pipe goes out of the house and down each well back to the top to the next well then after the last well back into the house. There is sand packed around the pipes in the wells and the trench. It is hooked to a pump with a heat exchanger. Has propane furnace back up. Dad and mom live in a 100+ year old farm house. It keeps it cool in the summer, and warm in the winter until it gets down under 10 degrees or so/ or is really windy. The only cost is the power to run the pump and fan otherwise. The first month the A/C cost him about $8 for the entire two story farm house.
Very good setup, its at least 15 years old now, with no problems yet.
Michael