Its much less sexy than a giant plant connected to a magma stream, but if we made these routine for all new suburban constructions, alongside passivhaus standards, we could eliminate residential fossil fuel connections for huge sections of the Western world.
Like another commenter mentioned, we could even have communal systems for individual streets, drilled beneath roads, to service townhouses and apartment blocks.
You can run the ground-source for heating and cooling, alongside a single wall-mounted air conditioner for dehumidification in the summer.