According to US News and World Report, the average homeowner should reserve up to 10% of their budget to spend on electricity, water, heating, and cooling.
A typical 2,000-square foot Northeast household is estimated to have spent more than $5,300 on fuel oil alone, that is prior to the recent oil price surge (as of writing this article). What makes matters worse, most fuel oil furnaces operate at only 65% efficiency. This translates into $53,000 spent on oil alone in 10 years!
Meanwhile, the cost of cooling a typical home may constitute up to 27% of home energy expenditures depending on where you live.
Ductless mini-split (also known as heat pumps) systems offer an affordable alternative to many of the energy guzzlers, inefficient oil-based systems.
When upgrading your home’s HVAC equipment or purchasing a new system, the most crucial step is getting the right size for the space to maximize your comfort.