The paper presents economically evaluated solutions for heating greenhouses with geothermal potential, if the same greenhouse is placed in two different locations in Southeastern Europe, one in Slovenia and the other in Serbia. The direct geothermal water exploitation using heat exchangers is presented and the remaining heat potential of already used geothermal water is exploited using high temperature heat pumps. Energy demands for heating greenhouses are calculated considering climatic parameters of both locations. Furthermore, different constructions materials are taken into account, and energy demands are evaluated if the same greenhouse is made of 4 mm toughened single glass, double insulated glass or polycarbonate plates. The results show that the geothermal energy usage is economically feasible in both locations, because payback periods are in range from two to almost eight years for different scenarios.