I’m in the same boat. The cost to run it would be comparable to what we pay now for heat + AC, but with a $22500-ish installation cost up front, and no chance of recouping any of that through ongoing savings. That’s hard to stomach, as much as I’d like to.
Not unreasonably big, but my state started offering rebates on heat pumps some time ago, and the price of installation mysteriously went up by about the same amount as the rebate shortly thereafter. Quite a coincidence, that…
My state has been offering rebates for years and for a 1200 sq ft house installation and the heat pump was about $3k. Going from an old forced air furnace to that just about halved my winter electric bill!
The down sides would be the outer rooms can get a bit chilly, but for me at least it’s far from a deal breaker.
I’m in the same boat. The cost to run it would be comparable to what we pay now for heat + AC, but with a $22500-ish installation cost up front, and no chance of recouping any of that through ongoing savings. That’s hard to stomach, as much as I’d like to.
How big of a house do you have?!?
Not unreasonably big, but my state started offering rebates on heat pumps some time ago, and the price of installation mysteriously went up by about the same amount as the rebate shortly thereafter. Quite a coincidence, that…
My state has been offering rebates for years and for a 1200 sq ft house installation and the heat pump was about $3k. Going from an old forced air furnace to that just about halved my winter electric bill!
The down sides would be the outer rooms can get a bit chilly, but for me at least it’s far from a deal breaker.