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Moot_n_aboot OP t1_iqwh10d wrote

Reply to comment by ghstber in Order oil now or wait? What’s your plan? by Moot_n_aboot

Not to ask a personal question, but would you feel comfortable saying what your price was for install? Did you use one of the subsidies/repayment plans the state offers? Ideally heat pump is where I’m looking to go but I don’t have the liquid cash on hand to pay for an install and that likely not change until next heating season.

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ghstber t1_iqwzhis wrote

I am totally comfortable with sharing information! Below you will find my heat pump package:

> HEAT PUMP PACKAGE: > This is the cost for (2) heat pump systems. The downstairs, main living area will get a single zone, 15,000 BTU Mitsubishi Hyperheat heat pump. The indoor unit is to be mounted at the inside corner of the elle, between the window and the corner the outdoor unit will be set somewhere in the inside corner of this elle, on the outside. The outdoor unit will be set on a pad and 18" stand with a matching rainshield. > A Mitsubishi, 20,000 BTU multi zone system is planned to be installed for the master bedroom and upstairs office area. The outdoor unit is planned to be set on a pad and stand, more or less directly below the master bedroom on the side of the home. Refrigerant lines for the office unit can be run through either the attic or basement. If they are run through the attic, they must hug the eve tightly, as the main area may one day be finished > This project qualifies for an anticipated Efficiency Maine rebate of $1000. This amount is not included the project cost. > *Expected Only. These are subject to availability and qualification and may change at any time. We will submit all paperwork required for the rebate(s) from Efficiency Maine and you will receive a check directly from Efficiency Maine in 4-6 weeks. > For the 20K BTU unit- I am planning on the Master bedroom getting a 9,000 BTU indoor unit, and the office receiving a 12,000 BTU indoor unit. the office unit will be mounted on the back wall > HEAT PUMP PACKAGE TOTAL: $15,790.00 (Package Is Included In Total)

I'll be using the $1k rebate, which might be the subsidy that you're referring to, but I happen to have this amount on hand so I am not taking any loans or other repayment options. That said, had I needed them, the company I contracted with could have extended some credit for a longer-term payment plan.

I wanted to provide a note on my ROI mention, since I'm sure there will be folks who say "$15k! There's no way that you're earning that back anytime soon!" In the summer when I spoke with Fabian Oil, my oil provider, about my budget plan, they indicated that my cost would be over $1k/mo for heating oil, when in the past it had been between $250-$450/mo. I will earn my 15k back in a few years, but it will be much sooner after I get a solar & battery setup in a year or two.

Feel free to ask any other questions!

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