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Ground-source heat pump installation is expensive - estimate by a vendor near Boulder, CO $30k/14 year pay-off for residential - http://www.energyhomes.org/pric

Ground-source heat pump installation is expensive - estimate by a vendor near Boulder, CO $30k/14 year pay-off for residential - http://www.energyhomes.org/pricing.html http://www.energyhomes.org/pricing.html but a bit light on details of their assumptions. A heat pump being "efficient" can casually be thought of as "multiples better than just resistant heating" (but is measured in cooling and heating efficiency, seasonal performance, etc.) This drives whether the heat pump is economical or not, because the more heat you have to produce directly from electricity, the less economical your installation is, compared to other heat sources. A gas vendor in Washington, DC area estimates annual savings of $1,500+ by using natural gas heating and water heating over electric, including air-source heat pumps, and significantly lower lifetime costs: https://html5.dcatalog.com/?docid=2db77d07-d752-43b8-bfaa-a80900f95b97 https://html5.dcatalog.com/?docid=2db77d07-d752-43b8-bfaa-a8...

ZeroGravitas 7y ago
Even the gas vendor in a country with famously low gas prices and an aversion to pricing in carbon seems to put it as a close second, well ahead of propane or oil on operating costs. You say $1500 saving but that's against resistive heat, not heat pumps, which are only 150 to 350. Which could be small enough a difference that providing cooling with one system may cover it. And those are only operating costs, and I'd guess if you didn't have a gas grid magically installed for no cost, then propane or oil are the two options you'd more realistically go for rather than pay build a gas connection, whereas a house without an electric grid connection is pretty rare and could be considered a sunk cost in most cases. Obviously for many existing homes you do magically have gas pipelines for free, but in the context of new builds, you'd want to compare those costs.

ZeroGravitas 7y ago

Even the gas vendor in a country with famously low gas prices and an aversion to pricing in carbon seems to put it as a close second, well ahead of propane or oil on operating costs. You say $1500 saving but that's against resistive heat, not heat pumps, which are only 150 to 350. Which could be small enough a difference that providing cooling with one system may cover it. And those are only operating costs, and I'd guess if you didn't have a gas grid magically installed for no cost, then propane or oil are the two options you'd more realistically go for rather than pay build a gas connection, whereas a house without an electric grid connection is pretty rare and could be considered a sunk cost in most cases. Obviously for many existing homes you do magically have gas pipelines for free, but in the context of new builds, you'd want to compare those costs.