Comment on What's stopping America from going all-in on heat pumps?Comments−testing223211yWe just got a heat pump in Canada and tore out the natural gas furnace. Massive energy saving - around $3k per year.−theultdev1yHow much did the entire heat pump installation cost?I assume in Canada you needed a geo-thermal loop.That runs about $30k avg, you'll break even in 10 years.Investing that money would prove financially better.Even a 2% low-risk investment would net $6,421 in 10 years.Also it seems they have a lifespan of 15-20 years so you have to account for depreciation of the system.It doesn't make much sense to switch, new installations or replacing failing systems are the only scenarios I see where it does.−testing223211yNo geothermal loop, heat pump was $10k out of pocket after incentives, on a 10 year interest free loan.It’s good down to -30C−theultdev1ydamn, what model is it. curious on those stats.
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We just got a heat pump in Canada and tore out the natural gas furnace. Massive energy saving - around $3k per year.
How much did the entire heat pump installation cost?
I assume in Canada you needed a geo-thermal loop.
That runs about $30k avg, you'll break even in 10 years.
Investing that money would prove financially better.
Even a 2% low-risk investment would net $6,421 in 10 years.
Also it seems they have a lifespan of 15-20 years so you have to account for depreciation of the system.
It doesn't make much sense to switch, new installations or replacing failing systems are the only scenarios I see where it does.
No geothermal loop, heat pump was $10k out of pocket after incentives, on a 10 year interest free loan.
It’s good down to -30C
damn, what model is it. curious on those stats.