Article 1023044 of alt.home.repair:
Path: news.misty.com!not-for-mail
From: nicksanspam@ece.villanova.edu
Newsgroups: alt.home.repair
Subject: Re: Convert from Oil Heat?
Date: 31 May 2008 13:06:37 -0400
Organization: Villanova University
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Dimitrios Paskoudniakis <greekgod@yeahright.com> wrote:

>... I want to know if someone in the group knows which is cheaper (per BTU)
>- oil at $4.50 per gallon

That's $4.50/(0.8x1.3therms) = $4.33/therm, burned at 80% efficiency.

>or heat pump at $0.125/kWh

That's $0.125/(5x0.03412therms) = $0.73, with water source heat pump
with a COP of 5.

>... as well as the cost to convert

The ground or well loop may be the most expensive part of a heat pump.
A 3-ton 5-COP Climatemaster Tranquility 27 box with a pump and blower
and heat exchanger but no loop costs about $5K and uses less power 
than a toaster.

Nick




