Quote:
Originally Posted by John Mercier
$2600 in oil just for heat?
What are they estimating the price of oil at?
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Look at the link. $3.10 / gallon you can set prices of fuel to what every you want.
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.