twd000
Feeling the Heat
unless I'm missing something here, I don't see the savings for my fuel choices
ignoring distribution and duct losses (which would be the same for central heat pump and furnace)
propane: $2.15/gal / 92,000 BTU * 1,000,000 MBTU = $23.37/MBTU
heat pump w/ avg 2 COP: $0.20/kWh / 3,412 BTU / 2 COP * 1,000,000 MBTU = $29.31, or 25% MORE than propane.
If I optimistically assume 3 COP, it's only $19.54, or 15% savings over propane. Seems like it would take a long time to payback new heat pump equipment at a COP of 3, and at a more realistic COP of 2, it actually would cost me more.
ignoring distribution and duct losses (which would be the same for central heat pump and furnace)
propane: $2.15/gal / 92,000 BTU * 1,000,000 MBTU = $23.37/MBTU
heat pump w/ avg 2 COP: $0.20/kWh / 3,412 BTU / 2 COP * 1,000,000 MBTU = $29.31, or 25% MORE than propane.
If I optimistically assume 3 COP, it's only $19.54, or 15% savings over propane. Seems like it would take a long time to payback new heat pump equipment at a COP of 3, and at a more realistic COP of 2, it actually would cost me more.