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Heat pumps are 2 to 4 times more efficient, and if you are in MA you can get upto a $10,000 rebate and 0% loan when purchasing a heatpump. Why would you stick w

Heat pumps are 2 to 4 times more efficient, and if you are in MA you can get upto a $10,000 rebate and 0% loan when purchasing a heatpump. Why would you stick with oil heat? Even if it drops to $2 it will be much cheaper to have a heatpump.

ones_and_zeros 4y ago
In MA you are paying through the nose on labor to install though. That rebate evaporates pretty quickly, still a 5 figure job.
- sbradford26 4y ago
  I am in southern NH and recently went to a cold weather heat pump system. We had an oil boiler before hand so I had all new duct work added in the basement with an air handler and 3 mini split heads in the rooms upstairs. I got quotes for mitsubishi systems ranging from 31k to 39K. Ended up going with an LG Red system for 19k. I then installed an heat pump water heat myself so am now fully off of heating oil and it is great.
- jhallenworld 4y ago
  Yup, I got a quote for $30K for heat pump vs. $14K to convert oil to gas. Also the rebate depends on also insulating your house.. which is a good idea in all cases, but not cheap either.
- deleted 4y ago
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bombcar 4y ago
As others mentioned, heat pump is pricy, especially if you are in an area where you have to go real deep (geothermal) or need gas backup anyway. Whereas replacing the furnace and AC was a $9k job and there were some rebates for that, too. Electric bill is already down, and gas should be down a bit.