Oxford study proves heat pumps triumph over fossil fuels in the cold::Published Monday in the scientific journal Joule, the research found that heat pumps are two to three times more efficient than their oil and gas counterparts, specifically in temperatures ranging from 10 C to -20 C.
The total install was $12k. I also did another 1k in retrofits under the Greener Homes program, but I did the Greener Homes loan as well. I had to outlay the $13k up front, but then I got all of that back in a 10-year, 0% interest loan, plus $5600 in rebates on top ($5k for the heat pump, $600 for the furnace). The loan processing company debits my account $110 a month, which is low enough that it doesn’t really sting.
I debated doing solar as well, since the Greener Homes loan goes up to $40k. Solar would gave easily soaked up the remaining $25k available in the loan. My roof isn’t ideal for solar though, and I didn’t want to triple the loan’s monthly payments for a solar install that wouldn’t have paid for itself over time.
TY. I’m considering solar as I picked up 2 pallets of panels for our farm, and I don’t need all of them there. I assume there’s all sort of permit issues in the city for that though, so I might just skip it.