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Yeah, I made this mistake this year. I pumped $20k into a heat pump system, coming from what used to be Natural Gas. I wasn't given any kind of relief because I
by oooyay 3y ago
Yeah, I made this mistake this year. I pumped $20k into a heat pump system, coming from what used to be Natural Gas. I wasn't given any kind of relief because I live in Oregon where most relief is income based. Then at the beginning of the year PGE announced a 20% rate hike. My house is covered in trees, so solar isn't really an option. I really regretted my decision once I got a $300-$400 bill for heating three months in a row. In the summer I now have AC where I didn't at all before, but it hardly makes up for the cost of a heat pump during winter. I probably won't be doing any of these kinds programs again.
- jdeibele 3y agoI'm moving from Portland to McMinnville in a couple of months. Price of kwh goes from $.1945/kwh to about $.0720. I've noticed that McMinnville Water & Light doesn't help pay for EV connections, etc. compared to Portland General Electric but at almost 1/3rd the cost, they probably don't need to. MW&L is community-owned, PGE is traded on the NYSE. They both buy a ton of hydro from the Bonneville Power Administration. https://findenergy.com/providers/mcminnville-water-and-light/#:~:text=Price%20Per%20kWh%20Average%20Bill%20%240.075%20%2FkWh%20%240.063%20%2FkWh https://findenergy.com/providers/mcminnville-water-and-light... gives an average. Actual per kwh rate is cheaper but there's a $16.10 customer charge to have an account. https://www.mc-power.com/wordpress/wp-content/uploads/pdf/rates/Residential-2023.pdf https://www.mc-power.com/wordpress/wp-content/uploads/pdf/ra... https://portlandgeneral.com/about/info/pricing-plans https://portlandgeneral.com/about/info/pricing-plans
- softbuilder 3y agoIIRC there's also a legacy superfund cleanup charge that PGE customers have the privilege of paying.
- oooyay 3y agoYeah, this is the move, imo. I think once my mortgage goes positive I'm going to look at where to go next. This is not worth it.
- newZWhoDis 3y ago$20k for a heat pump is sky high, you better have gotten a 24 SEER2 state of the art fully variable system for that. If they sold you a 14 SEER1 for that then you got absolutely screwed.
- interroboink 3y agoPerhaps you know already, but a lot of the price is often the installation labor, not the device itself. Just as a data point, $20K is right in the ballpark for estimates you'll get for professional installation of a modern ≈3-ton forced-air 17SEER heatpump + air handler in the Seattle area.
- kccqzy 3y agoEven in the expensive Bay Area, I got a quote of only $10k to install a heat pump. It was basically the same price to install a new gas furnace + AC for summer.
- interroboink 3y agoBut what kind? For instance, a mini-split in an apartment is quite different from the 3-ton forced-air system I described. People use the term "heat pump" to sometimes describe quite different things, so it's hard to know what's apples-to-apples.
- kccqzy 3y agoIt's a forced-air system sized for a moderately insulated 1300 sqft home. Don't know how many tons or the SEER rating.
- oooyay 3y agoYou hit the nail on the head, but mine is a 5 channel Daikin heat pump. I got a bit of a deal because I paid in cash.
- oooyay 3y ago
- sgustard 3y agoFor those installation comparing costs, the subreddit has a Heat Pump Quote Comparison Survey: https://www.reddit.com/r/heatpumps/comments/raocha/heat_pump_quote_comparison_survey_this_is_a/ https://www.reddit.com/r/heatpumps/comments/raocha/heat_pump...