Respect•ful

Why Renewable Energy?

 

The Bottom line:
While environmental benefits and reducing the carbon footprint are vitally important, at Coneco Energy we know the economics have to work.

Even though everyone would like to do the right thing, the bottom line is the bottom line…using alternative energy has to be cost effective. The good news- choosing renewable energy (RE) does make financial sense. The bad news – RE will be more expensive initially. But the system’s life-cycle cost savings will more than make up for the upfront investment. Please take a moment to look at these ROI payback models and cost comparisons below:

Residential Payback – Geothermal
Residential Payback Model – Solar

Commercial Payback – Geothermal
Commercial Payback Model – Solar

The Annual Cost to Heat an Average 3,750 SF Home for One Year*

ENERGY SOURCE COST OF
ENERGY
SYSTEM EFFICIENCY $ PER MILLION BTU ENERGY CONSUMED
YR-MBTU
ENERGY COSTS $/YR
FUEL OIL $3.40 / Gallon 92% Efficient $26.79 200 $5,359
PROPANE $3.40 / Gallon 92% Efficient $41.02 200 $8,204
NATURAL GAS $1.43 / Therm 92% Efficient $15.51 200 $3,102
ELECTRIC RESISTANCE $0.16 / kWh 100% Efficient $46.88 200 $9,376
AIR SOURCE HEAT PUMP $0.16 / kWh 1.8 COP** $26.04 200 $5,208
GEOTHERMAL (GROUND SOURCE) HEAT PUMP $0.16 / kWh 3.9 COP $12.02 200 $2,404

*Approximately 200 MBTU (200 million BTUs) will heat a 3,750 SF home for one year
**COP (Coefficient of Performance) is a measure of heat pump efficiency

Download this cost comparison chart in pdf format.