Exactly what I’m doing right now. Oil tank is rated for 30 years, and it’s 32 years old.

Start here and get an energy assessment done. Took about 90min, we did it on a video call.

MassSave Home Energy Assessment

They are also going to upgrade our insulation to current standards. $3000 job but through them we are paying $526.44. Also we got some free power strips and shower heads and a smart thermostat upgrade.

If this whole heat pump install goes well I’m going to be telling literally everyone in MA to contact them…

Ya that sounds rough. Maybe they ran higher gauge cable and skimped on the breaker?

I know electric work can be included in the loan for whatever that’s worth.

MA already has a program in place. Look up MassSave. Bet case scenario you could qualify for a 10k rebate and a 7year 0% interest loan.

We get a fall and 3-4 months of winter.

For reference the cheapest heat pump water heater I was able to get quoted (4 companies quoted) was $6k. We elected to get a non efficient water tank at $1900. 2023.

I think covid drove up the cost for sure. And I think certain contractors are inflating the price for the rebate. 2 of 4 companies gave me 50k plus quotes even without duct work. Maybe that was the fuck you we don’t have the people to do it please go away price though I dunno.

Yea it’s basically a not mini mini split.

We looked into doing a ducted heat pump through the attic for the top floor. But it quickly brought the project into the 50k range for what amounted to a slightly better looking design.

5 indoor units, 2 outdoor units, new water tank, electric work, boiler and oil tank both got to get chopped up safely before being brought out. Went through several vendors to get the project under 30k.

And it’s New England so the heat pumps have to be hyper heat units that function in winter. We are getting units that will heat to 70 degrees inside at -13deg outside and functions down to -22. (All F)

I’m going through this right now with my state (MA). After a lot of talking and finding non-shit vendors and quotes and stuff I’ve got an application into the state program. About $28k total to remove oil from my home completely in favor of heatpumps and a new water heater. State will give us a 10k rebate and a loan where they pay 7 years of interest. So that works out to 10k upfront we get back and then 7 years of $225/month payments.

We pay $300/month for oil. And that price is always getting higher.

Edit: worth mentioning that we are going for a full whole home rebate - to get the full 10k we are required to heat the same areas to the same heat load to qualify. We could have gone for a partial rebate and done a hybrid oil heat pump system. (Which didn’t seem to be a good idea long term with oil costs)