Reply to thread

Message: [QUOTE="FlockOfLambs, post: 4814138, member: 9188"] Will provide my experience since I was faced with a similar decision this year. I have an oil powered boiler for floorboard heat and water heater that is well on its last legs (30+ years old). Was trying to decide to replace with new boiler or switch to heat pump. After a few calls and quotes, I determined it was significantly cheaper to try the Heat Pump out this winter for just heat and not hot water and keep my oil burner as backup and to handle hot water. The upfront cost for the Heat Pump was ~$6,500 but received an instant rebated of $750 and was given $500 for my 4 year old outdoor condenser from my central AC, so $5,250 upfront. I also will qualify for [URL='https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit']$2,000 Federal Tax credit[/URL] and (supposedly) [URL='https://energizect.com/rebates-incentives/heating-cooling/heat-pumps/residential-air-source']$1,000 per ton through Energize CT[/URL] for a 3 ton system. This would bring my final cost down to a whopping $250. [I]Note: I submitted my rebate form through Energize CT 2 months ago and am still waiting to hear back.[/I] I got my Electricity Bill for November and my usage was up 35.6% compared to last November increasing my bill by ~$71. My oil consumption was down 70% saving me ~$350 with a net energy cost savings of ~$280. Assuming the Energize CT rebate comes through, the unit has already paid for itself. As far as performance in colder temps - have yet to really see how far it can go. It's done perfectly fine keeping my home at 68 degrees so far and that was with the same warning from the installer that it becomes less efficient and can struggle to heat the home below 30 degrees. I know it doesn't "recover" temperature as well as the floorboard heaters so I just keep it pretty much set at 68 despite the smart thermostat being able to fluctuate the temp by time of day pretty easily (I do let it get "down" to 66 while we sleep). If this keeps up through December and into January (and I get my Energize CT rebate), I'm inclined to dump the oilburner and switch to an electric water heater in the coming year. Installer also noted about something that can be added to my existing heat pump to make it work well even in extreme cold (below 0) temps which I would also do if I get rid of the oil backup altogether. [/QUOTE]

Verification: First name of men's bb coach