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by jeroenhd
918 days ago
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While heat pumps tend to pay themselves back by simply being one of the most efficient methods of heating possible, they do require a large investment upfront. With the current economic situation, it makes sense that fewer people are willing to make such an investment. You could of course get a loan, but not everyone is interested in getting themselves into any kind of financial risk when cost of living is up and wages are lagging behind. ROI depends heavily on the amount of solar power you can also invest into, the weather, and fossil fuel prices. Right when fossil fuel prices spiked because of Russia's invasion, getting a heat pump was a no brainer, because the difference between electricity and fossil fuel prices took months or more off the time to earn back the heat pump investment, but now that fuel prices are dropping back to normal, the equation changed. |
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