ᐅ Is it worthwhile to upgrade a pellet heating system to a gas or more modern system?
Created on: 1 Dec 2018 20:11
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Co2k_zhenkaC
Co2k_zhenka1 Dec 2018 20:11Hello everyone,
My fiancée and I found a bungalow built in 1972 with 160m2 (1,722 sq ft) this spring. However, it has a pellet heating system combined with solar from 2013 installed, which is a major drawback for us if we buy the house (outdated heating method).
I believe pellet heating costs will rise higher than oil and gas.
Now we are considering whether a modernization, for example to gas or even an air source heat pump, would be worthwhile and a good investment for the next 15–20 years.
My research showed that the unit for an air source heat pump alone would cost between 8,000 and 9,000 € (approximately 8,800 to 9,900 USD). Average total costs including installation for an air source heat pump range between 12,000 and 20,000 € (13,200 to 22,000 USD).
How would you approach this? Would you keep the pellet heating or modernize to something else?
Looking forward to your suggestions.
Thanks in advance.
My fiancée and I found a bungalow built in 1972 with 160m2 (1,722 sq ft) this spring. However, it has a pellet heating system combined with solar from 2013 installed, which is a major drawback for us if we buy the house (outdated heating method).
I believe pellet heating costs will rise higher than oil and gas.
Now we are considering whether a modernization, for example to gas or even an air source heat pump, would be worthwhile and a good investment for the next 15–20 years.
My research showed that the unit for an air source heat pump alone would cost between 8,000 and 9,000 € (approximately 8,800 to 9,900 USD). Average total costs including installation for an air source heat pump range between 12,000 and 20,000 € (13,200 to 22,000 USD).
How would you approach this? Would you keep the pellet heating or modernize to something else?
Looking forward to your suggestions.
Thanks in advance.
N
nordanney1 Dec 2018 20:331. Why is a pellet heating system from 2013 considered outdated?
2. What savings do you expect over the next 10-15 years to make the conversion worthwhile?
3. In your opinion, have the costs for electricity or oil/gas developed so favorably in recent years that it makes sense to rely on this "positive" trend continuing in the coming years?
In my opinion, your idea is complete nonsense. Oil and gas prices will continue to rise, and electricity prices even more so.
You plan to invest 10,000 euros (by the way, will this need to be financed, which would make it even less sensible?) — consider what you actually “save.” What are the current heating costs for the bungalow? What savings potential or lower cost increase do you expect? When you think this through, you will quickly realize that your investment will never pay off.
For example, annual heating costs of €1,200, after conversion you save 20% per year = €250 (the question is, of course, why would you save so much with the new heating system?). This means your investment is only returned after 40 years — assuming the new system even lasts that long. During this time, you could earn money by investing 10,000 euros elsewhere or save on interest payments if you finance it.
I would be happy to find a modern heating system in an old house!
2. What savings do you expect over the next 10-15 years to make the conversion worthwhile?
3. In your opinion, have the costs for electricity or oil/gas developed so favorably in recent years that it makes sense to rely on this "positive" trend continuing in the coming years?
In my opinion, your idea is complete nonsense. Oil and gas prices will continue to rise, and electricity prices even more so.
You plan to invest 10,000 euros (by the way, will this need to be financed, which would make it even less sensible?) — consider what you actually “save.” What are the current heating costs for the bungalow? What savings potential or lower cost increase do you expect? When you think this through, you will quickly realize that your investment will never pay off.
For example, annual heating costs of €1,200, after conversion you save 20% per year = €250 (the question is, of course, why would you save so much with the new heating system?). This means your investment is only returned after 40 years — assuming the new system even lasts that long. During this time, you could earn money by investing 10,000 euros elsewhere or save on interest payments if you finance it.
I would be happy to find a modern heating system in an old house!
A pellet heating system is one of the best heating technologies, with the main drawback being the high initial cost. However, in your case, this is not an issue since it is already installed.
Converting to gas would generally only have disadvantages. How did you come up with such an unusual idea?
Converting to gas would generally only have disadvantages. How did you come up with such an unusual idea?
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