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#1 | |
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Senior Member
Join Date: Jun 2014
Posts: 660
Thanks: 196
Thanked 224 Times in 143 Posts
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Quote:
But you make a good point, they used $0.22 / kWh for electricity so that's a bit higher than most of NH so Geothermal and MiniSplit would be even that much cheaper to run. I don't know the going price of oil, but that sounds close. No idea what they are using for a size house. But it's just for rough estimates and comparison shopping. Bottom line, oil will cost about double Geothermal or MiniSplit. And Geothermal will cost about double to install over Mini Split or Oil. |
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#2 |
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Senior Member
Join Date: Jun 2021
Posts: 4,009
Thanks: 3
Thanked 680 Times in 562 Posts
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House size really not something that would factor in as the estimate would be for the same available BTU.
It may factor in on the number of units necessary to achieve a comfortable temp in various areas of the home... but that would be an on-site assessment variable to each. I can prebuy oil, but not electricity. $2.899 is what I'm at. But what I noticed was a friend using the same system but choosing to heat with wood only save about 100 gallons... maybe 150 this year due to the longer duration of the cold spell. The rest of what we used was for heating water and standby when the water was to be heated but not used. My home may be better insulated than his... but the heated space is about the same along with the number of occupants. |
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