Hotwater Radiation ~ Electric Furnace
Browser
oil getting near $900 per 200gal tank for a fill up, I am considering
an electric furnace.
Any one made the switch lately or know of anyone who did.
Looking for price comparisons oil vs electric,etc.
I believe an electric furnace cost anywhere from $2000 to $4000;
depending on the size required....square footing of house???
Good points would be no oil tank; no furnace insurance; possible
reduction in home insurance..I think.
What would the bad points be??
Any feedback appreciated.
jim
IMO the price of electric vs/ oil will eventually even out.
Electricity is slow creeping up as they have to apply for increases.
Hydro (Holyrood) is close to having to use a sweeter crude in the
generating plant (currently burning bunker C) and I don't see it
running off natural gas any time soon.The cost will impact on the
consumer. I would super insulate (sp) my home and upgrade windows.
Friend did convert and the cost is about the same. I would not do it.
Right away you are perhaps disposing of a perfectly good oil fired
furnace then spending 2-4k on an electric one. Does not make sense.
How long before you get the $ back in savings? If I were to spend the
2-4k I'd go another 6k and install a heat pump. Just my opinion.
Browser
Air source pumps run about $12,000 but you need duct work similar to
the forced-air furnace; Water source heat pumps are about $20,000 and
you need radiant heating .
The draw back I have heard about air source heat pumps is when the
outside air temp drops below 7°C the system then operates on electric
heating strips.
Since I built my house in 2002 the price of oil has risen from $0.39/L
to $0.87L ...123% increase and no end in sight;from Jan 07 to Jan 08
oil has increased by 24%....time to make a move.
My house is insulated every way possible....not much else I can
improve on, only the means of heating my hot-water radiation.
I guess if Danny staring removing taxes on necessities that would
help...ie: furnace oil, electricity, insurances and possibly even gas.
Looking at the PUB rates there is a place on the West coast that pays
$1.04/L.
Have the governments and the oil companies no shame!!!!
jim
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Your house is new and I assume this formula applies to homes with good
R value + vapur barrier. This link might be of use to you regarding
potential cost savings or loss with a conversion. You have to bear in
mind that you are tossing a perfectly good furnace / tank + the cost
of a new electric furnace. Your out that much right away.
SteveC
water radiation oil fired furnace. We are thinking about adding the
electric furnace as a hybrid system, meaning we would have both, could use
either one if need be. Good if the price of oil drops again, could then
just switch back to oil.
we did that comparision and found that there was no cost savings. But we
are considering an instant hot water heater for the domestic hot water so to
avoid the furnace all together.
Have you received any quotes on electic furnaces?
Steve
"Browser" <Brow...@gmail.com> wrote in message
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jw
Replaced the old oil furnace with a compact slantfin electric hot water
furnace and a separate elec hot water boiler.
Financed it via nl power.
75.00/mo.
I have found over the last three months about the same cost vs oil but
that includes the purchase of the furnace/boiler and installation.
Long term I figure I am in money, and my insurance went down since I
removed the oil tank too. (And sold the oil and tank)
Jason
jim
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How would you be in the money long term when the gap between oil and
electric heat will narrow? Instead of burning oil from your tank Hydro
is burning oil from their tank to heat your home.
Browser
So basically your heat and domestic hotwater portion of your
electricity bill is $75 a month less than before and this includes
purchase and installation..thats not bad.
Can you tell me how much the furnace/installation cost..
If you wish not to disclose the cost in this post, I undertsand.
Probably you could send it via email.
Anyway thats a little bit more info I can think about...Thanks
jw
The oil suppliers seemed to be there with an autofill within 24 hrs of a
price jump.
Let alone the oil furnace was old,large, inefficient, noisy and I didn't
like the oil tank liability. When it is paid off, I will be saving some
money. Some saved is better than none.
metrola...@gmail.com
Call Paul Bennett and get a heat pump installed, he can do it for some
oil furnaces apparently.
Browser
Air source heat pumps are fine when the temperature is above 7