Apologize for resurrecting an older thread, but there was a great deal of information contained in this post that was revelant to an existing problem I'm having and I'd like to share my current research, proposed solution, and perhaps get a sanity check from the community before I pull the trigger.
After purchasing our home in Maine a few months ago, we immediately knew that we would like to wean ourselves off oil as quickly as possible. Additionally, diversifying our energy needs across multiple sources seems most logical to avoid being economically gouged elsewhere (high prices on electricity, propane, natural gas, pellets, wood, etc.), and efficiency is also on our list of important.
While we're considerate of the environment, for the sake of conversation let's stick to strictly fiscal decisions for the time being.
-----
We currently have an older-model [Smith-Pac *Fourteen*](
https://www.dropbox.com/s/9e96dimht8qb8at/Smith-Pac Fourteen Boiler Package Unit.pdf?dl=0) oil boiler delivering multiple zone heating and DHW to our home. After much research and number crunching, I've found a [Rheem 50 gallon hybrid heat pump electric HWW]((broken link removed)) that with rebates and incentives will cost $600 before installation.
The sanity check: does installing the hybrid HWW and disabling our furnace's DHW capabilities logistically make sense?
Our furnace currently is spotty at delivering DHW, especially during showers, so there are other reasons than the fiscal driving our decisions at this point, but monetarily, with a 2.7 year payback and a return on investment of 229% over the 12 year warranted life of the product (and for an installed price of around $1,000), it seems like a no brainer.
The Rheem wouldn't necessarily be my first choice of product, what with the non-replaceable anode, but again, with a 12 year warranty I'm not going to be too finicky about it.
Thanks in advance,
Andrew