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!
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x0rzx0rz
29 Aug 2024 14:56
@nordanney Are there any indications of how the balance between the still necessary expansion costs / routing of the electrical infrastructure and the electricity prices will develop? That is, is the current amount of (priced-in) investment sufficient for the required expansion in the medium to long term?

Or does the steadily increasing amount of renewable energy feed-in compensate the costs for the energy (infrastructure) providers?

I would be very interested in gaining insight into the topic of pricing.
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Yosan
29 Aug 2024 19:20
The only advantage I see with oil is the ability to store it without needing expensive electricity storage.

Don't worry, I'm confident that we will be able to heat our house with a heat pump without huge electricity costs at current prices. As I said, I basically grew up with heat pumps, and my father knows his way around them. If something is set up incorrectly, he can tell me and, depending on the access to the settings, adjust it himself for better performance. So, I’m not too worried about that.
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Aloha_Lars
30 Aug 2024 10:51
Buchsbaum066 schrieb:

Just replace oil with electricity in your statement. The same applies to electricity prices. Additionally, there are high upfront costs for a heat pump, a relatively short lifespan of the heat pump, and other significant challenges that should not be underestimated.

More and more reports are appearing about excessive electricity consumption of heat pumps, cold apartments, and the lack of qualified specialists who can properly install and maintain a heat pump.

There is nothing wrong with an oil heating system.


I have rarely read such nonsense. I can contradict every one of your points as a heat pump user.
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nordanney
30 Aug 2024 10:59
x0rzx0rz schrieb:

@nordanney Are there any indications of how the balance between the ongoing necessary expansion costs / routing of the electricity infrastructure and electricity prices will develop? In other words, is the current amount of (priced-in) investments sufficient for the required expansion in the medium to long term?

Also, does the steadily increasing amount of renewable energy feed-in compensate the costs for the energy (infrastructure) providers?

I would be very interested in insights on the topic of pricing.
Pricing will probably remain a mystery for the foreseeable future. However, when I read that there are already discussions about completely eliminating guaranteed feed-in tariffs for new installations, it seems that policymakers have at least realized that the current approach is unsustainable.

I can imagine that with more green electricity available across the whole country (thanks to positive grid expansion) and a reduction in feed-in tariffs, prices will go down. Heat pumps and electric vehicles will boost electricity demand, so that excess power will no longer need to be given away abroad.
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x0rzx0rz
30 Aug 2024 11:24
nordanney schrieb:

Pricing will likely remain a mystery for some time. However, when I read that there are already discussions about completely removing the (guaranteed) feed-in tariff for new installations, it seems that politicians at least recognize that the current situation cannot continue.
I can imagine that with an increasing share of green electricity, which can be used across the entire country (positive grid expansion), and a reduction in the feed-in tariff, prices will decrease. Heat pumps and electric vehicles will drive electricity consumption, so that surplus energy will no longer have to be exported for free.

Thank you for your assessment!
DeepRed30 Aug 2024 12:28
Aloha_Lars schrieb:

I rarely read such nonsense. I can contradict all your points as a heat pump user.

I agree with that. A completely absurd post from Buchsbaum. But what else can you expect from that side...
Thanks also to @nordanney for regularly (and above all objectively) disproving almost every claim. Otherwise, someone might end up believing this nonsense.