I believe it. Before I got a heat pump back in the spring of 2022, I was paying around $750-800 every two to three months of heating, and that was when oil was relatively cheap compared to now. My poorly insulated PNW home was built in the 1940s, and the oil furnace was from the 1950s (so very inefficient all around). With heating oil as expensive as it is now, I probably have just about broken even with how much the heat pump cost.
I believe it. Before I got a heat pump back in the spring of 2022, I was paying around $750-800 every two to three months of heating, and that was when oil was relatively cheap compared to now. My poorly insulated PNW home was built in the 1940s, and the oil furnace was from the 1950s (so very inefficient all around). With heating oil as expensive as it is now, I probably have just about broken even with how much the heat pump cost.