Why to Switch from Oil to Heat Pump? Know the Benefits of OHPA Program!

Are you tired of your old oil furnace and considering a move to a more energy-efficient electric heat pump? Well, then you are in the right place! Here we guide you through everything that you should know about converting your oil furnace into an electric heat pump. From advantages and conversion process to maintenance, we’ve got you covered. Let’s jump right in!

What is an Electric Heat Pump?

Before explaining how something is converted, it is important to understand what a heat pump does. Unlike a conventional heating system that produces its heat, a heat pump transfers heat from one location to another. They can be very efficient, typically producing three times more energy than they consume.

Types of Heat Pumps

1. Air Source Heat Pumps: These transfer heat between your house and the outside air.
2. Ground Source (Geothermal) Heat Pumps: These transfer heat between your house and the ground.
3. Water Source Heat Pumps: These transfer heat between your house and a water source.

Advantages of Switching from Oil to Heat Pump

1. Environmental Impact: Heat pumps use renewable energy sources and have a very small carbon footprint compared to oil furnaces.
2. Better Indoor Air Quality: Since heat pumps do not burn fossil fuels, there is no risk of carbon monoxide leaks, significantly improving indoor air quality.
3. Cost Savings: Although the upfront cost of installation may be high, in the long term, the savings on operational costs make it a good investment. Additionally, the government rebates and incentives help to offset the upfront costs.
4. Oil to Heat Pump Affordability (OHPA) Program: One of the main advantages of switching from an oil furnace to an electric heat pump is the Oil to Heat Pump Affordability (OHPA) program. This program is designed to make the transition more accessible and affordable for homeowners. Here’s everything you need to know:
   • Program Overview: This Oil to Heat Pump Affordability program entails generous rebates and incentives for homeowners who heat their homes with oil and upgrade to electric heat pumps. In other words, the program encourages the concept of efficiency and helps in reducing greenhouse gas emissions.
   • How It Works: A homeowner can receive up to $10,000 in government grants for converting their oil furnace to an electric heat pump. Plus, receive a $250 referral reward for any referrals you’ve made that complete the program.
   • Eligibility: The program is open to homeowners using oil furnaces for heating.
     • You only need to show proof of purchasing 500 litres of heating oil in the past 12 months (reduced from 1000 litres)
     • A wider range of heat pumps are eligible, including air-source and ground-source heat pumps
     • The low-to-median income level has been increased to account for inflation.

Why to Switch from Oil to Electric:

• Financial Incentives: The program significantly reduces the upfront cost of conversion, making it more affordable.
• Environmental Impact: Switching to an electric heat pump helps reduce greenhouse gas emissions and reliance on fossil fuels.
• Long-Term Savings: The operational efficiency of heat pumps translates to lower energy bills over time.
• Energy Efficiency: In comparison to oil furnaces, electric heat pumps are much more efficient. They will help reduce your energy consumption and, over time, save on utility bills.

The Conversion Process

1. Evaluate Your Current System: Assess your existing oil furnace and HVAC system. Determine the age, condition, and efficiency to decide if conversion is feasible and cost-effective.
2. Choose the Right Heat Pump: Select a heat pump that is properly sized for your home, local climate, and heating load. Work with an HVAC professional like LG Home Comfort to ensure optimal efficiency.
3. Pre-Home Assessment: Consult a licensed HVAC service provider like LG Home Comfort to design the installation plan, including the location of the heat pump and any necessary home preparations and permits.
4. Safe Decommissioning and Removal of the Oil Furnace: Follow local regulations and environmental guidelines for safely decommissioning and removing the old oil furnace.
5. Install the Heat Pump: As per the instructions and industry standards, installation may include setting outdoor units, connecting ductwork, and installing new thermostats.
6. System Testing: Test the heat pump system post-installation for overall efficiency and address any issues.

Maintenance Tips for Heat Pumps

1. Regular Inspection: Schedule inspections to ensure optimal system performance. Check for leaks, blockages, or ductwork issues.
2. Frequency of Filter Replacement: Timely filter changes help maintain good air quality and system efficiency.
3. Annual Maintenance: Schedule professional heat pump maintenance at the start of each heating or cooling season.

Some Myths About Heat Pumps

• Heat Pumps Are Designed for Warm Climates: While they work efficiently in moderate climates, advancements in technology have made heat pumps effective even in cold regions.
• Heat Pumps Are Too Expensive: Despite the initial cost, long-term energy and maintenance savings make heat pumps cost-effective. Apart from this, the Government is offering up to $25,000 loan at 0% interest under the Greener Homes Program to upgrade to efficient systems.
• Heat Pumps Don’t Provide Enough Heat: Modern heat pumps are equipped to provide adequate heat even in cold weather, with dual-fuel systems available for extra efficiency.

Conclusion

Converting an oil furnace to an electric heat pump is a smart investment for homeowners seeking to reduce environmental impact, save on energy and costs. Although initial expenses can be significant, the long-term benefits make the investment worthwhile. With proper planning and professional installation, you can enjoy a comfortable and eco-friendly home heating-cooling solution.

FAQs

• How much does it cost to convert an oil furnace to an electric heat pump?

The cost can range from $5,000 to $15,000, depending on the type of heat pump and installation requirements.

• Are there any government incentives for switching to a heat pump?

Yes, the government is providing incentives up to $25,000 with zero interest as an offset of converting to a heat pump.

• How long does it take to install a heat pump?

Installation typically takes 1 to 3 days, depending on the complexity of the job and any necessary modifications to your home.

• Can a heat pump work in very cold climates?

Yes, modern heat pumps are designed to operate efficiently in cold climates. A backup heating system may be used for extremely low temperatures.

• What maintenance does a heat pump require?

Regular filter changes, seasonal inspections, and professional servicing before the heating and cooling seasons are recommended to keep the heat pump running efficiently.