After reading a bit, sounds like it isn't a good idea. People talked about calcium and other deposits building up and harming the unit. Also, the compressor is what does most of the work, and that isn't benefited by the cooling effect of water. The coolant going into the house will be slightly colder if cooled by water, but not enough for any big savings. It is the change from liquid to gas that causes the cooling, not the overall temp of the coolant. There is also concern for rust and other issues due to constant moisture.