If I were to replace my 10yr old central air unit with a heat pump, am I going to save anything in winter heating ( natural gas )bill's, takeing into consideration there's no shortage of natural gas as they claim there is going to be.
I figure what you save on natural gas in the winter,useing the heat pump, you spend that saved money on electricity, useing the heat pump.
Tom
Ask your local utility company. The answer is based on the cost of the two fuels. They can tell you what the cost savings or lose would be at today's prices, you and we can only guess about next year. The electricity might go up faster than the gas.
Depends on where your are; in the North, not a chance. In a temperate area, maybe.
Did you mean $.90, $.09, or did you actually mean $.0009 as you stated?
Don
It will depend on where you live. I live in Oklahoma and when I replaced my system 7 yrs ago, I put in a dual fueled heat pump system. I have mine set to use the heat pump above 35 and gas heat below that.
I also got a rebate from the electric company for installing a heat pump.
No way of telling you since you didnt post your rates..
However
A heat pump, with a high enough rating, you can figure this.. For every dollar you spend of electricity to get heat, you get $1.25 in heat..
With a gas unit, for ever dollar you spend on heat, just for the gas, not taking into consideration, the electrical to run it, you get .090 cents or less..
Depending on your area, you will only save money with a heat pump, and thats ONLY if its sized, and installed correctly, and that might mean new duct...but that goes for a gas unit as well.
I know I have already paid for my heat pump, when I removed the new oil unit, and replaced it with a high SEER heat pump...I litereally paid for it the first year...in savings from the fuel. And of course, I got it at a dealers price, but still....thats one hell of a return.
Umm..typo....90 cents..
I figured that if there's a natural gas shortage, and my electric co uses Natural gas to generate electricity there would not be much if any savings, if they were burning coal or the ( enviromentalist ) to generate electricty they may be a savings.
I live in the midwest Nebraska.
electricity
Almost any area that has natural gas available uses it as a backup to any other fuel used for power generation. I might add that electricity is easy to transport and the stuff you pay for may have been based on the price at a plant a thousand miles away. Ask California about all the funny stuff that goes into electric pricing.
The price of coal could go up greatly in just a couple of years, if additional pollution controls are placed on it just as natural gas prices can quickly change with an international dispute. It's all guess work.
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