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Posted by Meat Plow on May 16, 2007, 11:06 am
On Wed, 16 May 2007 15:02:38 +0000, Edwin Pawlowski wrote:
>> On Wed, 16 May 2007 07:23:11 -0700, bripen@sympatico.ca wrote:
>>
>>> Living in Quebec which supposedly has the cheapest hydro rates in
>>> North America I'm considering changing from an old oil fired boiler to
>>> an electric boiler.
>>> I have a relatively small house and the much smaller boiler unit, no
>>> more oil tank, cleanliness and apparently faster heating time really
>>> appeals me.
>>> Anyone have thoughts on this?
>>> Thanks in advance
>>
>> Pretty much a no brainer isn't it?
>
> Not from the numbers I've seen. At 2.40 a gallon for oil, electric has to
> be 7.5¢ to break even. Removing and replacing the heating system and
> electric service upgrade will cost $3000 to $5000? At 5¢ a kWh, the
> payback will probably be 10 years. OK, I agree, it is a no brainer. Leave
> it alone.
Exactly.
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