Green Means Green $
We live in the Great White North (yes, Canada). It gets cold in
Canada in the winter. That said, the last few winters have been
depressingly mild - for those of us who like to build backyard ice
rinks. And who said climate change is happening?!
Anyway, I digress.
Our
home was built in 1983 and was heated until last Fall by a combination
electric/wood forced air furnace. We replaced the old furnace last Fall
with a heat pump (check out a short video on the heat pump here - video taken with a Flip Camera - very cool!).
A few months later we are pleased to report that it was a good call.
We
have equal billing with our electric utility, meaning that we pay the
same amount every month and it gets adjusted once a year for the new
year. This year's adjustment happened this month. What a pleasant
surprise (well, not too much of a surprise)! Our equal billing has
dropped enough for our next two and a half months of electricity to be
free.
Big picture, I figure we will end up saving just over
$1,000 per year, granted the payback is around 12 years, but, hey, it
also increases the value of our home.
The moral of the story? Heat pumps rock!