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Profit Greenly's avatar

Incredibly janky port of comments from my old wordpress site.

Alistair

2022-03-29 at 6:21 pm

I appreciated reading this article. I am currently looking at replacing oil heat and hot water ROI of a cold climate air source heat pump and standard electric heater. I factored in all savings I could, including reduced insurance, reduced maintenance and potential increase in home value to a buyer and came up with an ROI of about 11 years. (the upfront costs are very high, less a govt incentive). There are other non-tangible factors to consider too – reduced risk of catastrophic oil leak, savings from not having to replace the furnace in the future and of course, just the feel-good going green component. This is what I calculated in savings for my home in northern Ontario (we don’t currently use AC other than a small portable so this is just a guess)

Annually ——————————–

Fuel savings heat 534.42

Fuel savings hot water 435.51

savings burning less wood 250.00

savings maintenance 350.00

insurance savings 25.00

Additional cost of AC -300.00

total annual savings 1294.93

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Profit Greenly's avatar

Incredibly janky port of comments from my old wordpress site.

John Katerenchuk

2021-10-06 at 12:33 am

I enjoyed your article and analysis. It was timely as I live in Southeastern PA (Lancaster County) and the AC and Propane Furnace is approaching 20 year of age. I had been thinking about replacement of both with a heat pump but my experiences while living in Georgia on some cold days were not very positive as the heat pump on very cold days would not keep the house warm and comfortable. I was worried if that might also be the result in PA. I was also wondering if the investment would be financially viable compared to our actual cooling cost and propane heating cost. Any help you might provide would be appreciated to get me headed in the right direction.

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