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We just got a heat pump in Canada and tore out the natural gas furnace. Massive energy saving - around $3k per year.

• theultdev 1y ago
  How much did the entire heat pump installation cost? I assume in Canada you needed a geo-thermal loop. That runs about $30k avg, you'll break even in 10 years. Investing that money would prove financially better. Even a 2% low-risk investment would net $6,421 in 10 years. Also it seems they have a lifespan of 15-20 years so you have to account for depreciation of the system. It doesn't make much sense to switch, new installations or replacing failing systems are the only scenarios I see where it does.
  • testing22321 1y ago
    No geothermal loop, heat pump was $10k out of pocket after incentives, on a 10 year interest free loan. It’s good down to -30C
    • theultdev 1y ago
      damn, what model is it. curious on those stats.