What are you paying for heat??

[vc_row][vc_column][vc_column_text]Understanding today’s heating costs The most common question asked towards heating professionals is “how much will it cost to heat my home?” Average winter temperature, fuel prices, usage by the end user, heating equipment condition and building construction are only a few of the many factors that influence heating costs of every home. The most accurate way to understand heating costs is to compare the fuel cost for the same amount of heat. The table below explains how much it would cost to purchase 1 Million BTUs worth of heat.
[/vc_column_text][vcex_spacing size=”30px”][vc_table vc_table_theme=”classic”]Fuel%20Type,Fuel%20Price%20as%20of%20July%2015%202014,Conversion%20Equation,Efficiency,Price%20per%201%2C000%2C000%20BTU%2Cs|Oil,%241.30%2FL,1L%3D36%2C668%20BTU%20%2F%20%241.30%20%3D%2036%2C668%20BTU%20%2F%20%2435.45%20%3D%201%2C000%2C000%20BTU,83%25,%2441.48|Propane,%240.85%2FL,1L%3D25%2C217%20BTU%20%2F%20%240.85%3D25%2C217%20BTU%20%2F%20%2433.71%3D1%2C000%2C000%20BTU,80%25,%2440.45|Propane,%240.85%2FL,1L%3D25%2C217%20BTU%20%2F%20%240.85%3D25%2C217%20BTU%20%2F%20%2433.71%3D1%2C000%2C000%20BTU,90%25,%2437.08|Electric,%240.1127%2FKWH,1KWH%3D3412.14BTU%20%2F%20%240.1127%3D3412.14BTU%20%2F%20%2433.03%3D1%2C000%2C000BTU,100%25,%2433.03|Natural%20Gas,%2414.325%2FGJ,1GJ%3D947817%20BTU%20%2F%20%2414.325%3D947817%20BTU%20%2F%20%2415.11%3D1%2C000%2C000,90%25,%2416.80|Heat%20Pump%20%40%202.5COP(single%20Stage),%240.1127%2FKW,1KWH%3D3412.14BTU%20%2F%20%240.1127%3D3412.14BTU%20%2F%20%2433.03%3D1%2C000%2C000BTU,250%25,%2413.21|Heat%20Pump%20%40%203.5%20COP(Variable%20Speed),%240.1127%2FKWH,1KWH%3D3412.14BTU%20%2F%20%240.1127%3D3412.14BTU%20%2F%20%2433.03%3D1%2C000%2C000BTU,350%25,%249.44[/vc_table][vcex_spacing size=”30px”][vc_column_text]The Future of energy costs As you might already know the cost of energy can fluctuate dramatically as energy is heavily tied into the global market. There are some predictions out there and the most common question for the Vancouver Island HVAC industry is comparing Natural Gas to a Heat pump. Natural Gas on Vancouver Island is expected to decrease 25% over the next three years. Electricity is expected to increase 28% over the next 5 years or 16.8% in three years. If we apply the cost of energy today here is what we might be looking at in 3 years.[/vc_column_text][vcex_spacing size=”30px”][vc_table vc_table_theme=”classic”]System,Cost%20per%201%2C000%2C000%20BTU,Rate%20Change,Projected%20price%20per%201%2C000%2C000%20BTU%20in%203%20years|Natural%20Gas%20%40%2090%25,%2416.80,-25%25,%2412.60|Heat%20Pump%20%40%20250%25,%2413.21,%2B16.8%25,%2415.43|Heat%20Pump%20%40%20350%25,%249.44,%2B16.8%25,%2411.03[/vc_table][vcex_spacing size=”30px”][vc_column_text]If energy prices change as predicted the gap between heat pumps and gas furnace’s will narrow significantly. There are some other facts to consider when choosing a heating source.[/vc_column_text][vcex_spacing size=”30px”][vc_table vc_table_theme=”classic”]System,Advantages,Disadvantages|Natural%20gas%20Furnace%20only,-%20Least%20expensive%20installation%0A-%20Runs%20off%20a%20small%20generator%20in%20a%20power%20outage%0A-%20Energy%20cost%20expected%20to%20decrease,-%20No%20Air%20Conditioning%0A-%20Non%20Renewable%20Resource%0A-%20Produces%20greenhouse%20gas%20(CO2)|Heat%20Pump%2FNatural%20gas%20combo,-%20Two%20energy%20sources%20allows%20options%20when%20energy%20costs%20change%0A-%20Air%20conditioning%0A-%20Runs%20off%20a%20small%20generator%20in%20a%20power%20outage,-%20Heat%20pump%20and%20Natural%20gas%20furnace%20can%20not%20run%20-simultaneously%0A-%20Higher%20installation%20costs%0A-%20Higher%20maintenance%20costs|Heat%20Pump%2FElectric%20Combo,-%20Air%20Conditioning%0A-%20Lower%20installation%20cost%20than%20heat%20pump%2Fnatural%20gas%20combination%0A-%20Heat%20pump%20can%20assist%20electric%20heat,-%20Dependant%20on%20electricity%20only%0A-%20Large%20generator%20needed%20in%20power%20outage|Natural%20Gas%2FAir%20conditioner%20combo,-%20Lower%20purchase%20price%20than%20heat%20pump%20combination%20but%20difference%20is%20very%20minimal%0A-%20Air%20conditioning,-%20No%20ability%20to%20heat%20as%20heat%20pump%0A-%20Produces%20green%20house%20gas%20(CO2)%0A-%20Higher%20maintenance%20costs[/vc_table][vcex_spacing size=”30px”][vc_column_text]If you have any questions or comments about this document please contact:   Lance Petty Ph# 250-465-2490 or Email lancefpetty@gmail.com[/vc_column_text][/vc_column][/vc_row]

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