What would you do?
Forgive me for the vague title and the long post but I am lost in possibilities… all expensive!
Oh and its complicated because I am forced into a decision NOW that will heat my 850 sq ft house AND be adequate to heat in a year (or two) when I add 1000 sq ft. The math gets fuzzier when I tell you the plan is to add 4 inches of EPS to ALL the exterior walls (including existing) and 6 inches under the NEW basement concrete).
No one here (Canukistan) is able or willing to do a manual J to size a unit for a two fold job…
I live in Kenora Ontario Canada (zone 7);
No NG available, currently using forced air OIL furnace (Lennox says its 80% eff).
Insurance company says get rid of the single walled tank: replace with double wall NOW. Local prices are about $4500 to supply and install the tank alone!
My Energy choices are..
Stay… with OIL: (I hate OIL!) its currently 90 cents a liter (it hit $1.30 a few years ago and will again). Pay the $4500 for the new tank.
Switch…. to Forced air PROPANE: its currently 60 cents a liter, Pay $8000 for installation of modulating furnace.
Switch… to forced air ELECTRIC: its currently 21 cents a DELIVERED KW (I know the HydoONE propaganda says its 11 cents BUT I have to add in DELIVERY, ADMIN,TAXES and a few FU fees). Pay $7500 for install.
All the prices in Kenora are higher than the closest big city (Winnipeg, Manitoba 230 km west). MOST of the contractors from Winnipeg will NOT do work in Kenora leaving me stuck paying the local rates.
I am going to start the renovation either next spring or spring 2018: I am hung up by finances and these prices are making it worse.
My hope and goal is to use the NEW HEATING SYSTEM (whatever it turns out to be) as BACK-UP heat to a pair of mini-splits. It gets cold here, well below the lower cut off limit of any current mini-split so for a few months (say mid Dec to Mid Feb) I will need the NEW system to provide primary heat.
I told you it was complicated… and NO the insurance company (current one and I’ve looked elsewhere) will not let me get through this winter with the single walled oil tank.
I need to make an intelligent decision about which way to proceed but am lost…so many factors to consider.
What would you do if you were me and why…. (money is an issue for me).
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