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  1. The best quote was $24,000 minus $3000 instant rebate ($500 per ton). We are eligible for another $6,000 off mail-in rebate for fully replacing oil system ($1,000 per ton). We are financing $15,000 at .99 with the CT Heating loan and paying rest out of pocket (though you can use Smart E Loan to cover it if you want).

  2. Nov 22, 2022 · Close to 200,000 Nova Scotia households that heat with oil will be eligible for a new $5,000 federal rebate if they switch from oil to an electric heat pump. This rebate, announced on Monday by federal Immigration Minister Sean Fraser on behalf of the Natural Resources Minister, is expected to be available early next year.

  3. When thinking about making the change to a heat pump from existing systems using gas, oil, LPG or direct electric there are things that need to be considered. A heat pump can be installed into almost any building to provide 100% of the heating and hot water required without the need for an additional back-up or hybrid solution.

  4. Hi everyone, with the new CMP rates at 27 cents/ kWh, with all fees and taxes. It is recommended to switch to oil heating when the temperature drops to 10F. This comparison is based on $4.29/gal of heating oil. I know a lot of Mainers are struggling with the cost to heat their home this winter, so I wanted to pass along the most updated ...

  5. Jun 18, 2024 · Normal range: $4,236 - $7,904. A heat pump costs about $6,070 on average. But this project may range from $4,236 to $7,904 depending on the home size, capacity, efficiency, and type. T he average heat pump costs $6,070, but you might pay anywhere between $1,500 and $12,000. Heat pump technology heats and cools your home without burning oil or gas.

  6. Nov 18, 2019 · SEAI’s view on the benefits of a heat pump upgrade from comfort to property valuations. The first question to ask is whether an insulation upgrade alone, which you would need to do anyway before you change your heating system, would be more cost effective. Secondly would replacing your existing boiler with a new condensing oil or gas fired ...