My local Carrier dealer is coming out next week to give me a quote on adding a heat pump to my current system for a dual source setup. I wanted to crunch some numbers in the mean time to find my break even point or how many years until I can see a savings.
Here is my info. Let me know if I'm missing something.
House is 14 years old, 3,000 sq.ft., tightly sealed with good insulation and is located in SW PA.
I have a 14 year old Carrier 90%+ propane furnace (new heat exchanger installed last year under warranty) with whole house AC.
Propane is running $2.29 a gallon and electricity is 4.624 cents per KWH.
Furnace, water heater, clothes dryer and stove are all propane. Current usage is around 1050 gallons per year.
Am I on the right track and is this a smart move?
Can anyone help me estimate the savings.
THANKS!