I don't think open loop systems are even legal in the state of Minnesota any more. I know new commercial open loop systems were outlawed in the late 90s and they all had to be replaced by 2012 or 2013.
My current house has natural gas heat and central A/C that were installed in 2001 when the house was built. Since my house is newer it has to meet some pretty strict energy codes. For a 2,700 square foot home I pay about $1700 a year for both electric and gas combined. If I thought I wanted to stay in this house long term I would consider geothermal before the tax credits expire in 2016. I run the A/C at 75 degrees all summer long from about June 1 to about Sept 15th. I don't open the windows because some sort of bugs come right through the screens when I do.