ᐅ Current Installation Costs of a Heat Pump

Created on: 25 Aug 2024 00:32
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Yosan
Hello,

we are planning to replace our oil heating system with a heat pump as soon as possible (with subsidies), and I would appreciate your help in understanding what the current costs might be and what would be considered overpriced. We do not have a quote yet but are in contact with a reputable company that also includes an energy consultant for the subsidies.

Our house has a living area of 130 square meters (1400 square feet) spread over 3 floors, plus a basement that is at street level on the downhill side due to the slope. The house was built in 1930 but underwent extensive renovation in 2008, including insulation of the facade and roof, new windows, replacement of water pipes and electrical wiring, and installation of solar panels for hot water. We have also installed a small balcony solar system. Due to large dormers, there is limited roof space suitable for photovoltaic panels.

Unfortunately, there is no underfloor heating, but radiators, some of which are quite old and probably should be replaced. There are a total of 12 radiators.

Our current annual oil consumption is about 1500-1600 liters (400-420 gallons).

I’m not sure what other information is needed to get a rough idea, so I’ll leave it at that and wait for any questions.

I hope you can give me a rough estimate so I can better evaluate offers.

Thanks in advance!
Y
Yosan
14 Sep 2024 12:38
So today the owner of the company I have been in contact with visited, looked at everything, and gave a rough estimate of 30,000-35,000 (before subsidies) for the entire project, including preparations like the foundation for the heat pump and the renovation of the old systems. We agreed that his colleague, who is an energy consultant, will come again and clarify with us which documents are needed, then complete all the paperwork required for the subsidy (which will cost us between 500 and 1,000 euros depending on the actual effort). After that, the gentleman from today will prepare offers with different heat pump options that could be suitable, and with the heating load calculation we can, of course, request quotes from other companies as well. So far, this sounds acceptable to us.

Does anything sound off to you?
andimann14 Sep 2024 14:38
Hello,
Yosan schrieb:

Does anything sound wrong to you here?

The price is completely and absurdly inflated. Yes, it is currently difficult to get reasonable offers because there's a total gold rush going on among heating specialists.

If you have the offer in front of you, compare it on various online platforms and see what the parts actually cost. Those are the real prices. If the heating specialist feels they have to pay double at their wholesaler, that’s their decision—but not at my expense.

Once you know the rough hardware costs, add a 10-20% margin on top (yes, the heating specialist is entitled to make some profit and also does sizing and planning), and you’ll be surprised that even then, 15,000 to 20,000 euros (approximately $16,500 to $22,000) are still missing from the quoted 30,000 to 35,000 euros (approximately $33,000 to $38,500).
They want that much just for the installation. 15,000 euros (about $16,500) roughly equates to 200 working hours or around 6 person-weeks... which is a bit exaggerated.

The actual value of the entire replacement is around 20,000 euros (about $22,000) before any subsidies. The rest is basically funding your heating specialist’s next Porsche.

Best regards,

Andreas
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nordanney
14 Sep 2024 14:42
andimann schrieb:

The actual total cost for the replacement is about €20,000 (before subsidies). With the rest, you’re basically paying for your heating specialist’s next Porsche.
Those are indeed the prices typically listed on classified ads. But those are monoblock systems without a hot water storage tank.
However, 35 is too high.
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Yosan
14 Sep 2024 14:48
Yes, of course we need to wait for the final offer, and as mentioned, he will provide quotes with different heat pumps. We probably need two heat exchangers because of the solar thermal system, which will naturally be more expensive.
By the way, he doesn’t drive a Porsche, as far as the long-time residents in the village know.
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filosof
18 Sep 2024 14:11
andimann schrieb:

...you are financing the next Porsche for your heating technician.
Yosan schrieb:

By the way, as far as the long-time locals in town know, he doesn’t actually drive a Porsche.

…and even if he does – why shouldn’t a tradesperson be allowed to drive a Porsche? Is that only allowed for doctors and lawyers? If someone works hard and earns enough money to fulfill their dream, it doesn’t necessarily mean they are a profiteer, right? Maybe he is simply a good, hardworking tradesperson…
--> I would rather hire the tradesperson with a Porsche than the one with a rusty Clio.
A
Alessandro
20 Sep 2024 13:39
andimann schrieb:

Hello,

Completely unreasonable and exaggerated price. Yes, it’s currently difficult to get reasonable offers, as the heating specialists are experiencing a complete gold rush.

If you have the quote in front of you, compare it with various online platforms and see what the items actually cost. Those are the real prices. If the heating specialist thinks he has to pay double at his wholesaler, that’s fine, but not with my money.

Once you have the rough hardware costs, add another 10–20% margin on top (yes, the heating specialist should make a profit as well, and he does the system design, etc.), and you’ll be surprised to see that up to 30–35 k€ (thousand euros) you’re still missing 15–20 k€.
So that’s what he wants for the installation. 15 k€ would roughly amount to 200 working hours, or about 6 person-weeks... a bit exaggerated...

The real value of the replacement altogether is about 20 k€ (before subsidies). The rest finances your heating specialist’s next Porsche.

Best regards,
Andreas

Sorry, you have to explain that to me...
You order the materials online and the heating specialist is supposed to install them with a warranty?