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25 States Agree To Quadruple Number Of Heat Pumps In America
(cleantechnica.com)
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this post was submitted on 24 Sep 2023
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I'm going through this right now with my state (MA). After a lot of talking and finding non-shit vendors and quotes and stuff I've got an application into the state program. About $28k total to remove oil from my home completely in favor of heatpumps and a new water heater. State will give us a 10k rebate and a loan where they pay 7 years of interest. So that works out to 10k upfront we get back and then 7 years of $225/month payments.
We pay $300/month for oil. And that price is always getting higher.
Edit: worth mentioning that we are going for a full whole home rebate - to get the full 10k we are required to heat the same areas to the same heat load to qualify. We could have gone for a partial rebate and done a hybrid oil heat pump system. (Which didn't seem to be a good idea long term with oil costs)
Why so expensive? That's the price of our geothermal system with its really expensive well.
5 indoor units, 2 outdoor units, new water tank, electric work, boiler and oil tank both got to get chopped up safely before being brought out. Went through several vendors to get the project under 30k.
And it's New England so the heat pumps have to be hyper heat units that function in winter. We are getting units that will heat to 70 degrees inside at -13deg outside and functions down to -22. (All F)
And you guys get 8 months of winter
Not any more.
Yeah past few years Southern NE has barely kept snow on the ground, if at all.
We get a fall and 3-4 months of winter.