I'm debating replacing the heat pumps in my house. Background, we have a 3 story townhouse with a furnace in the attic. It's not efficient to heat the bottom living floor, so there are heat pumps. A couple of years ago we installed a gas fireplace and it's nice, but it doesn't do the kitchen.
In 2007 our kitchen pipes burst with the cold because the furnace didn't keep our kitchen warm enough. We couldn't use the heat pumps because they didn't go that low, but it didn't circulate into our kitchen. There is one pump in the living and one in the dining room.
So why it's not working? There is a leak in our pipes or system somewhere. Unfortunately it's too expensive to figure out because the pipes run through our downstairs neighbors unit and tearing up his walls is not an option. So we have to assume the leak is only in the pipes and not in the wall unit itself. We could replace the pipes for $1000-$1500 and find out it's the unit.
Anyway, to put in an entirely new system is $4750, but it includes 3 new systems, including a 3rd unit in our kitchen, which is something we were thinking of anyway. It also includes a service of our current furnace. $1k labor and $3750 for the materials and units. The units are expensive online it priced out at $2800 not including wiring, pipes, etc.
The $4750 qualifies for the Federal Tax Rebate of $1500 or 30% of $5k this year. We also qualify for $500 rebate from our energy company.
Should we do it? Should we do just 2 heat pumps or the windows instead?
We're so blowing our budget this year. We spent our budgeted $5k on other repairs, but my DH wants to do it. Last year we used small space heaters on top of our furnace and gas fireplace. This year he wants more comfort.
So we're going to tap the EF. I am not sure if we should do it. Is it worth it with the tax breaks and rebates?
In 2007 our kitchen pipes burst with the cold because the furnace didn't keep our kitchen warm enough. We couldn't use the heat pumps because they didn't go that low, but it didn't circulate into our kitchen. There is one pump in the living and one in the dining room.
So why it's not working? There is a leak in our pipes or system somewhere. Unfortunately it's too expensive to figure out because the pipes run through our downstairs neighbors unit and tearing up his walls is not an option. So we have to assume the leak is only in the pipes and not in the wall unit itself. We could replace the pipes for $1000-$1500 and find out it's the unit.
Anyway, to put in an entirely new system is $4750, but it includes 3 new systems, including a 3rd unit in our kitchen, which is something we were thinking of anyway. It also includes a service of our current furnace. $1k labor and $3750 for the materials and units. The units are expensive online it priced out at $2800 not including wiring, pipes, etc.
The $4750 qualifies for the Federal Tax Rebate of $1500 or 30% of $5k this year. We also qualify for $500 rebate from our energy company.
Should we do it? Should we do just 2 heat pumps or the windows instead?
We're so blowing our budget this year. We spent our budgeted $5k on other repairs, but my DH wants to do it. Last year we used small space heaters on top of our furnace and gas fireplace. This year he wants more comfort.
So we're going to tap the EF. I am not sure if we should do it. Is it worth it with the tax breaks and rebates?

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