I assume in Canada you needed a geo-thermal loop.
That runs about $30k avg, you'll break even in 10 years.
Investing that money would prove financially better.
Even a 2% low-risk investment would net $6,421 in 10 years.
Also it seems they have a lifespan of 15-20 years so you have to account for depreciation of the system.
It doesn't make much sense to switch, new installations or replacing failing systems are the only scenarios I see where it does.
It’s good down to -30C
I assume in Canada you needed a geo-thermal loop.
That runs about $30k avg, you'll break even in 10 years.
Investing that money would prove financially better.
Even a 2% low-risk investment would net $6,421 in 10 years.
Also it seems they have a lifespan of 15-20 years so you have to account for depreciation of the system.
It doesn't make much sense to switch, new installations or replacing failing systems are the only scenarios I see where it does.