Sounds like I need to get auditioning sooner rather than later. Our house is single story, about 900sqft. I'm looking at new oil furnaces in the $7,000-8,000 range which gets us up around 90% efficient. If I could do geothermal even for $10k I'd probably jump at it. I think the state has a loan program with almost silly low rates to finance.
-Curt Date: Thu, 5 Jul 2012 09:30:14 -0400 From: Dan Penoff <lwb...@yahoo.com> To: Mercedes Discussion List <mercedes@okiebenz.com> Subject: Re: [MBZ] Heat pump. Message-ID: <136cffb7-1035-4fbd-b814-ca3c34509...@yahoo.com> Content-Type: text/plain; charset=us-ascii I would do it in a heartbeat if I was convinced I would be in the house long enough to recover the costs. My HVAC guy in Indiana was into geothermal big time, and had a lot of installations under his belt, so he was very familiar with both the good and bad. He had the Federal and state incentives down, too. The property tax exemption thing was very obscure, and it seemed that not a lot of people either knew about it or took advantage of it. To do the system for our two story with basement 4,000 SF house would have been about $18k in 2009. Incentives would have immediately knocked about $7k off the top, leaving us with an $11k bill when he was done. He had similar sized homes already in service for several years that were averaging well under $100/month for energy costs year 'round. That is pretty good considering the climate. I never calculated it in detail, but if my memory serves me correctly, we would have saved at least a couple of grand a year between energy costs and tax incentives, bringing the payback into the 5-6 year range. Dan On Jul 5, 2012, at 8:49 AM, Curt Raymond <curtlud...@yahoo.com> wrote: > Our oil burner has worn down to about 65%. I'm considering geothermal, need > to get some time to meet with some people and figure out who to have do it... > > > -Curt _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
