Derek Caelin is writing a book on Nostr: Energy prices have spiked for all kinds of reasons in CT, but #solar and #heatpumps ...

Energy prices have spiked for all kinds of reasons in CT, but #solar and #heatpumps are paying off for our home.

We got solar panels and heat pumps right after moving in, so it's hard to do a real pre-post comparison of expenses. But we can use some averages to do a back-of-napkin estimate.

Average annual electricity bill in #CT in 2025: $2,486

Annual cost of using oil to heat a 2,000 sq ft home: $3,377

Our combined electric and oil costs in 2025: $2,804

So our overall energy bill might be $3,059 what it could be without switching to solar and heat pumps.

Of course, we had to pay for these systems. After state incentives and a federal rebate, we paid: $23,254 for the panels. Our heat pump system was $13,579.34 - paid for with a 0% loan from the state, which we pay off at ~$120 a month.

Assuming annual costs stay the same (lol), by my math, we break even in 7 more years. And meanwhile, we're green(er)!

Sources:

https://www.gethomeheat.com/average-heating-bill/ct/

https://ctmirror.org/2026/03/20/ct-electricity-bills-up/