Comment on Price of electricity in Finland peaks at 2.35€/kWh today. Keeping my tiny granny cottage warm costs me over 50 euros for a single day. It's negative 25C (77F) outside.

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bluewing@lemm.ee ⁨11⁩ ⁨months⁩ ago

I live in a very cold part of the world where the temps can easily exceed your -20C for night times for several weeks at a time. And even as the daily high for a week stretch or two over a winter. And while I could have purchased a heat pump that would work to that low of a temperature, it would have cost over twice the price. Going from $5000US installed to over $10,000US for just the heat pump. And that included the rebate incentives.

My heat pump is set to set to cut out and switch to LP heat at -10C because it becomes cheaper to run an LP furnace at that point - cost of electricity = 6.5 cents per kilowatt hour vs $1.75US gallon LP. The loss of efficiency matters to my pocket book. And I chose my particular heat pump with my advice of my Daughter who has a PhD in ME and works as a research engineer for a non-profit studying HVAC systems and the efficiencies of the technology used in them. And she won’t install a heat pump in her house because for where she lives, they literally do not make financial sense. There is zero savings to be had with switching from natural gas heat to electric.

So installing a heat pump is not a universal no brainer. You still need to to the math to see if it pays.

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