Embodiments of the invention utilize the geothermal energy exchanger and battery (GEEB) to recover and store thermal energy from the dwelling, from the ground, and from the Earth's atmosphere, reuse the thermal energy in another season of the year, and consume electrical energy to heat and cool the structure at electrical Off Peak time periods. The GEEB may be constructed of a compact steel, ribbed and waterproof permanent container that is set at a depth beneath the surface of the ground where the normal soil temperature is virtually constant year round. The container can then be encased in poured concrete, with the exception of piping or conduits. The container is then filled with a heat transfer fluid so that the entire thermal mass of the GEEB and heat transfer fluid reaches the ambient ground temperature and efficiently couples the load and source sides of a heating and cooling system.