$750 State of Connecticut Discount at time of purchase plus Federal tax credit if you have taxable income.davidmcbeth3 wrote: ↑Sun. Jan. 15, 2023 4:23 pmhttps://www.homedepot.com/p/Rheem-Performance-Pla ... /312742067
in Q/A says $120 yr on electricity / 13 cents Kwh basis = about $300 at 30 cents/kWh. That's $25/mo. Seems to be cheaper than my oil cost. A 240V unit (not an issue - I'd have to move some circuit breakers to get another 240 v line - deal with that spaghetti monster of an electrical panel).
I estimate my $$/yr oil at $900. That's $600/yr savings.
The hybrid heating unit is about $2000 (figure $$ for electrical/plumbing DIY). That's about 3 1/2 yr ROI.
For appliances like this, I seek 2 yr ROI.
If one wants to go the rebate and tax credit route, that ROI becomes about 1/2 yr. Based in $500 ColdHouse noted for unit. Its possible that these credits/rebates are not the same as before.
A regular all-electric heating, per Q/A of all electric one, is $420 / yr. Hits the ROI in 1/2 yr too.
https://www.homedepot.com/p/Rheem-Performance-40- ... /205810725
The hybrid would continue to outperform , cost-wise, after that 1/2 year point in time from the all-electric.
All based on current oil and electrical rates, of course.
https://energizect.com/explore-solutions/water-he ... er-heaters