I live in Sarnia, Ontario (Port Huron, Michigan is 3 minutes away)
I have had a home eco audit done and got the recommendations back. I have 18 months to make the upgrades suggested and then have my home re-audited and apply for rebates. (The Province of Ontario will match the Federal grants, so a total of $10 000 is possible)
http://www.oee.nrcan.gc.ca/residential/personal/retrofit-homes/retrofit-qualify-grant.cfm?attr=4#eligible
One of the suggestions is a geothermal heating system. i can get $7000 for putting one in.
I had a local (and respected) company quote me for a Waterfurnace Envision system. The owner of the company came over, did an inspection of the property and sized the ductwork and was surprised that it would be adequate for the airflow a geothermal system would require.
I went over all of the energy upgrades i have done (and will do). new windows, R-60 total insulation in the attic (cellulose over fiberglass...that was a fun job).
Our lot is roughly 3/4acre and the house is 2750sf (plus basement) west facing.
He took my blueprints to get the measurements of the house and a week later dropped off a quote for a 4 ton system. Approx $21 000 plus $1200 or so if i opted for a 2nd water tank for the desuperheater. This would include vertical drilling rather than horizontal.
So after the federal grant of $7000, the system would cost roughly $16000. I thought that was still expensive, but after reading some posts here...it sounds like a bargain.
On his quote he included a comparison of costs between a 13 or 14seer (i'll have to double check which) and a 90% efficient furnace without ECM. the cost breakdown said i would spend about 1200/year for hotwater, ac, heat with the waterfurnace and $1700/year with the other system.
$500/yr savings is great, but it is a long payback, especially when i can purchase a amana 2 stage furnace/ 16 heatpump dual fuel system for around $3800 and pay local installer about $1600 to install (with me as his grunt). I would also get $1400 in grants for doing this.
what do you guys think of this situation. i am a bit of an energy buff (and miser) and always hunt for the best deal. The Waterfurnace speaks to my green/efficiency side, but my pragmatic side says the payback might be too long.
i believe we will live in this house for the next 15 years. We are in our mid 30s with 4 kids (9 and under)
given the same situation, which way would you guys go?
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marknmt
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