It's the only way to go unless your new home includes a money tree.
Most water providers encourage it because it puts less demand on their resources. Irrigation companies often use a pressure washer with a small diameter pvc pipe to drill the well. Shallow wells generally also have a lot of ferrous components in the water, so it's easy to stain your concrete and house if your heads are not well adjusted. Spray chemicals are available from most building supply stores to remove these rust stains, as long as you don't wait too long to clean them.