A Head Shake
T’is the season for selling replacement air conditioners and furnaces. Hydro One, Toronto Hydro and Direct Energy have all lobbed offers at me this month.
Direct Energy pitch me that if I install a new forced air gas furnace it will save me some $868 a year including $340 in electricity. If you run your furnace fan motor year ‘round the electrical saving grows to about $500. A new furnace costs about $6000 installed.
For about $600 you can retrofit the existing furnace fan motor and still save the $340 or $500 a year. Looks like a better investment to me, pays back in less than 2 years, takes about an hour to install and I have the $600 in my jeans.
But alas the electric utilities, and their minder the Ontario Power Authority, only pays their $250 grant for installing a new gas furnace not for just saving on electricity! Time for a head shake?