Stumped: How do I determine if a new furnace & heat pump is worth it?
Total newbie here, although I've spent considerable time searching here trying to find the answers myself. I suspect that the answers I seek will help many others as well.
I'll try to be brief, but don't want to omit details, so here we go. My thanks in advance to those willing to slog through and share their expertise!
I have a 2800 +/- sf home in NY. It is 8 yrs old and equipped with a large Williamson forced air furnace (roughly 80% efficient) using a 1 gal/hour nozzle as well a Lennox 5 ton 11 SEER heat pump set to "change over" to oil at 45 degrees. On an annual basis I use about 850 gallons of oil, which at current pricing is about $4200/year (ouch!). I also use a Duro Dyne 2 zone panel and dampers.
I have spoken to a few contractors, but remain puzzled at the inconsistency. The consensus is that my Williamson unit is oversized by a good 20% or so.
Seeing as how I haver better uses for money then sending it to the Middle East nutjobs who don't much like us, I am pondering the following:
1) Carrier Infinity ICS Modulating propane furnace w/ a 5 ton Carrier Infinity heat pump (their best).
2) Same as above only with a Carrier oil furnace.
3) Hallowell air to air heat pump
4) Energy Kinetics EK1 boiler and TWO Carrier 3 ton units (This is already disfavored as the estimate was about 3 (yes THREE) times #1 above. I sense they want to out the kids through college on this ONE job.
5) Do nothing other than set the change over on the Lennox to 30-35 instead of 45.
I am interested in the best long term solution saving money, energy and more and am stymied at the choices: Propane vs oil, Carrier vs. Lennox vs. Trane vs. hallowell and on and on it goes. Despite many, many hours of research and calculating, I am stumped as to how to best approach the situation and see what make the best long term (5-10 years hence) approach. In short, I am not even sure I am asking the right questions and/or considering the right factors.
Sorry for the rambling, but I'd greatly appreciate input as to the more reliable brands, propane vs oil and, of course, how to best calculate a pay back time. My thanks to all in advance.
First when it comes to comfort you cannot go wrong with the Carrier Infinity in my opinion it is the best thing being made.
Do you know what your local electric rates are. Based on what you are paying for oil I'm sure you can turn down the the oa lockout.
Where are you located
Good question and thanks- Should have mentioned this.
I live about 1 1/4 hrs N of NYC in the "People's Republic of NY" as I like to call it due to the high taxes
Originally Posted by rponson
Current electric pricing is about 15 cents per kw.
What is stumping me is how to calculate a break even., especially since those I have talked to all say my furnace is a good 20% over sized. In other words, if I spend $10 on new equipment, how do I determine what I would save, assuming generally constant weather & usage? The few contractors I spoke to tended to be evasive on this, leery of committing themselves. While I certainly don't expect exact figures, I didn't think it unreasonable to get written "ball park" estimates so I could see if it was worth spending many thousands. I seek the best long term value, not cheapest solution and am fine with a payback of 5-6 years more/less if truly warranted over the long term.
Of course, the "oil vs. propane" debate is still there. That's a whole issue unto itself.....
Is the 15 cents after taxes? I usually devide the the total bill by the KW used it gives you the real rate.
In order to calculate the ballance point you are going to need the actual building load not the equipment capacity. I have this at my office but I'm sure someone will post it before tomarrow.
As for the payback calculation. Speak with a Carrier Dealer they have a great OP Cost calculator to compare systems side by side
Let's see if I can flesh out the details
Never knew this was so complicated! Interesting, though.
Originally Posted by rponson
From a recent post of mine:
Compare the cost of 1 million btu's of heat for various fuels (insert your own fuel costs and efficiencies for a more representative calc):
Propane at $3/gallon, 90% efficient furnace:
(1,000,000 btu / 91,000 btu per gallon) x $3 / .9
Electric resistance heat, electricity at 15 cents per kw-hr delivered:
(1,000,000 / 3413) x .15
Heat pump, same electric rate, COP = 3.25 at 35F ambient:
(1,000,000 / 3413) x .15 / 3.25
Oil at $4.25 per gallon, 80% efficient furnace:
(1,000,000 / 139,000) x 4.25 / .8
Your changeover temp for the heat pump at 45F seems way too high. I would start with 32F and see how it goes.
Yes a gallon an hour is a bunch..
Why not just have your service guy go to a .65 or .8 gall/hours??
Thats so simple to do...
Do you have lots of insulation??? LOTS.. look at the new codes.
Here in Oregon, its 24 inches of fiberglass in the attic...... how much do you have....
Insulation pays back ALL the time in ANY SEASON.
A smaller nozzle was suggested, but the Mfgr, Williamson, said such was "a bad idea"
This was suggested to me, but the Manufacturer, Williamson, said to NOT do it, supposedly since such would disrupt and eventually harm the unit--or so they said. They seemed sincere.
Originally Posted by fixitguy
I amy well do nothing as I called the tech dept at Lennox today who told me my old unit can easily go down to 25, albeit a bit less efficiently than the new ones. This is about the same as the new ones to boot. Yes, it would run at 16 vs 11 SEER, but the HSPF was only incrementally higher (8.5 vs. 7.2) and in their words "not worth it". They suggested I get a few more years out of the unit and see what happens then.
I appreciated their honesty and may try a year with the set point changed from 45 to 25-28 and see what happens. Still doing some research, but perhaps Lennox is right.
A heatpump really starts losing the ability to deliver warm feeling air as temps get lower. It is still energy efficient and warm enough to heat the home, just does not feel warm with maybe 85F air blowing. That was the reason that the "luxury" system was installed 8 years ago. It is more comfortable and feels better using the fuel oil backup at the lower temps. Reducing the lock out point from 45F to 32F will really cover a great deal more of your heating needs with the much less costly heatpump source. Changing that lockout point should not be much of a challenge so that it can be experimented with. Good Luck.