What do all electric bills look like with a heat pump? Comparing 3 homes in December 2022

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What do all electric bills look like with a heat pump? Comparing 3 homes in December 2022

Рет қаралды 2,389

Күн бұрын

We have three all electric homes with heat pumps. The bills all came in a bit over $200 for December with 1300-1500 kwh of usage. The cold snap of Christmas 2022 got down to 0F, 11F is about as cold as it usually gets in Oak Hill/Fayetteville WV.
See the sister video about what usage those days looked like. • Christmas Cold Snap He...
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Пікірлер: 39

@Pierceb2 Жыл бұрын

Enjoyed your video and have read all the comments to date. You are correct in your observations that gas is not going to get cheaper over time nor are the utilities prices going down. The transmission and line charges are becoming a scam. Fortunately I saw it coming and switched to solar 5 year ago with a 10 KWh system. Using rebates, tax credits etc. I locked my “Fuel Cost” in at 6 cents per kWh for 25 years or more. No transmission charges and my capitol equipment has no moving parts and is warrantied for 25 years. I broke even this year based upon 5 year old costs and was immune to recent utility price shock. Super Insulate my home 30 years ago, next I will switch to heat pump at 20 SEER or greater efficiency and replace oil boiler and 14 SEER A/C. Utility has 10K rebate up front plus Feds 2K tax credit for heat pump. I will take their money but not their electricity for the most part. Planning on adding more solar to cover incremental increase in electricity needs. Not free but the best game in town in my estimation. Plus I am helping reduce GHG More people can do this with a plan, time, government incentives. As the adage goes pay yourself first.

@wisenber Жыл бұрын

My combined electric and gas bills really dropped when I moved from a heat pump to a gas furnace. The warmer air also feels much better. I definitely don't miss the eheat running and those defrost cycles whenever it dropped below 20 F.

@NatetheHouseWhisperer Жыл бұрын

Keep an eye on that as gas prices rise. Defrost can indeed be annoying! What type of heat pump was it? Where are you?

@wisenber Жыл бұрын

@@NatetheHouseWhisperer That was on my last home (now a rental) From what I recall, it wasn't even a high efficiency unit as the 2 grand extra would have taken me nearly two decades to offset. I believe it was an Amana. My current property has two gas wells that I drilled and I own the rights, so that wouldn't be fair to compare to a meter. But I have to say it's nice to pump your water, cook, heat, run generators , a CNG tractor and a CNG truck from the wells while still selling enough to pay off the house in four years.

@NatetheHouseWhisperer Жыл бұрын

@@wisenber tough to beat an on site well! My parents had one. Not exactly the norm though. Heat pumps were marginally more to run for a while, a few hundred per year in Cleveland. Removing the gas meter saves $500/year in Cleveland which usually more than made up the difference. Gas prices rose enough to wipe out that difference.

@wisenber Жыл бұрын

@@NatetheHouseWhisperer 500 for the meter? Geez. And I was complaining about $144. That house with the meter had a gas water heater , generator and a gas grill prior to the furnace going in .

@NatetheHouseWhisperer Жыл бұрын

@@wisenber It's going to $70/mo in 2025 or $720/year. I'm hearing rumblings of this from gas utilities across the country. They have to recoup costs somehow, but it's the beginning of the "death spiral" where the more they increase costs, the more people disconnect and the higher the fees have to be, which leads to more disconnections... it's only a matter of when now, not if. Odds are lots will change within the life of the next HVAC system.

@Edward3D Жыл бұрын

Thanks for showing these. I want to get my house in VT off of oil but it has no existing ducts (just hydronic baseboard) and just 100A panels. No gas in the area, climate zone 6, $0.19/kWh, and I don’t have any money left at the moment. Maybe the new tax credits will help make it happen.

@NatetheHouseWhisperer Жыл бұрын

You'll want to know your heat load so you can choose the right sized heat pump. The state rebates will likely not come out until 2024 and each state will have different rules. If you have a few years of oil bills/usage I can help get you in the ballpark. If you have a blower door number that's better still, you can buy an hour here. www.natethehousewhisperer.com/contact.html

@stevencole7331 Жыл бұрын

Here in California natural gas for heating is far cheaper . Going solar is the only way to make an electric house make sense . Now my daughter in Virginia it would work as she uses propane to heat the house and water which is more costly . The thing is you don't know where markets will go . California once used electricity for everything and it was cheap . If more people move to all electric you would expect prices to go up .

@NatetheHouseWhisperer Жыл бұрын

Are you factoring in ~300% efficiency? Odds are high gas will remain high moving forward because we can export significant quantities now, so we’re connected to world prices. That’s new in the last 5 years. Wasn’t obvious until Russia invaded Ukraine. Btw with renewables becoming the cheapest generation source, detailed models like Vibrant Clean Energy point to lower costs. Electric costs went down during load growth. The last 20 years have experienced little growth.

@stevencole7331 Жыл бұрын

@@NatetheHouseWhisperer I am actually surrounded by solar and wind farms and we pay one of the highest price per kW . I doubt they will ever lower prices but price increases may slow . Allot of the price is transmission of electricity over great distances . If I ran my ac as my daughter in Virginia I could pay $800 a month . Now since I live in the high desert we do have a economical way to cool which is evaporator coolers . The problem with that now is the higher cost of water . Solar is probably the best approach

@NatetheHouseWhisperer Жыл бұрын

@@stevencole7331 it’s not an instant thing and it’s possible the for profit monopoly utilities will screw us, but historically prices go down during load growth. You can also buy solar yourself, it serves as a cost limiter.

@TUMATATAN 11 ай бұрын

I respectfully disagree with you on this Steven. You can get solar panels and truly offset this cost. Gas and Electricity here in ca are simple the highest in the country, and that is not changing anytime soon.

@stevencole7331 11 ай бұрын

@@TUMATATAN I am not debating the cost compared to other states . What I am saying is electricity is more expensive to use for heating compared to natural gas in California Say if you heat anything in your house electrically from air ,to water or cooking it's more expensive than natural gas .

@MarkJesus-sv3wz 2 ай бұрын

What was the cost before the heat pumps?

@tekjunkie28 Жыл бұрын

Taxes and fees shouldn’t the added in to the electricity KW rate. At least that’s what I was always told.

@NatetheHouseWhisperer Жыл бұрын

Cost is cost imho. If you can subtract them, great, but this gives an even comparison.

@JB-yq9bn Жыл бұрын

Your electric rate is pretty low and are you on time of use fluctuating rates, a tiered system or flat rate? Typically in California I pay .21 to .27 in the winter per kwh. I was planning on a diken vrv life with two ducted units. 1 per floor with the dzk zone kits. Trying to save up for it.

@NatetheHouseWhisperer Жыл бұрын

National average WAS $.13/kwh (not sure where it is right now). CA and MA have the highest rates in the country, in general. Ours is flat rate btw. Although I requested TOU for our house to experiment.