Hi Everyone, Just bought my first home (built in 1979) and it currently has a 47-year-old ducted oil hot air furnace \[Dartmouth, Nova Scotia, Canada\]. Both the tank and the furnace are near the end of their life, so I need to replace the system very soon.
Almost everyone I talk to is pushing me to go 100% electric with a central heat pump. Honestly, I really don't want to do that. With how unpredictable NS Power rates are (especially with the recent hikes), I don't love the idea of fully relying on them for 100% of my heat. I feel like the current spikes in oil prices are a temporary side-effect of global conflicts, whereas once NSP raises rates, they stay up.
I've looked into propane too, but if I'm being honest, I have a lingering anxiety about having a large propane tank explode.
When I talk to friends who went full electric, they tell me their winter power bills are still massive, so the savings don't seem as magical as advertised.
Am I missing something huge here? Is anyone else choosing to stay on oil or propane to avoid putting all their eggs in the NS Power basket? #home source