Posted by MSD on January 19, 2012 at 10:56:57 from (71.32.37.229):
In Reply to: Electric rates posted by George Marsh on January 19, 2012 at 08:08:47:
Here is a copy of last months heating bill for a 1550 sq. ft house with a walkout basement facing the west. The house was unoccupied at the time of the bill so usage is lower than normal. It has a Geo Thermo heat and cooling system. Total cost of the system including the duct work for this new home was $19,000. Federal tax credit will return 30% of that back to the new owners for a refund of $5700. Net cost of the system will be $13,300. It is comparable to a new high efficient furnace and heat pump. Also, the house now qualifies for a SD property tax reduction over the next 4 years. The 1st $50,000 of valuation is not taxed the first years and then it is prorated the next 3. Electricity is at a reduced rate also on a seperate meter. Also, the geo system heats the hot water for in home use and lowering your hot water costs. The second bill is for the warmest month of last year for the cooling costs. The house was kept at a constant 70 degrees. It was unoccupied at the time so there was not much going in or out but there were no window coverings so it gets the full effect of the sunshine. The bill has 2 seperate charges. The residential is for lights and such and the second is listed as Residential Heat Pump and is on a seperate meter. That is the heat and cooling part of the bill.
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