Quote:
Originally Posted by Firebot
2800L x 1.799 = 5037$ for a winter if using the current pricing.
2800L x 1.6252 = 4550.56$, savings of 486.44$ if removing the carbon tax increase
Now of course if you see the graph you will note that last year was higher even before the carbon tax as a result of the spike in oil after the war and this has being alluded to, but in 2021 is was significantly lower, and prior to the new carbon tax in June it was at 1.253. It just shows how much impact the new carbon tax has.
The carbon tax on home heating oil set July 1 2023 was 17.38
https://www2.gnb.ca/content/gnb/en/c...arbon-tax.html
Home heating oil
The carbon tax on home heating oil will increase to 17.38 cents per litre. The cost to fill an average oil tank (900L) will increase by $179.88. Assuming a typical home is heated with 2000 litres of oil annually, the average annual cost for a residential customer is estimated to increase by $399.74.
As you can see, the numbers can fluctuate widely, but the net cost associated with carbon tax was higher than the Liberal claim of savings (250$) even in their most recent release (NB's average of 2000L is very conservative). |
Even completely ignoring carbon, anyone paying $5K a year to heat their house in the Maritimes who doesn't install a heat pump is just flushing their money down the toilet. At a COP of 2.5, they'd be saving about $2.5-3.5K a year in heating costs based on the average Atlantic Canada electricity prices.
Yeah, I get that not everyone has cash kicking around, but if you can afford to pay $5K (or $4.55K without the carbon tax) for heating, surely you can take advantage of the many government programs and get a heat pump with a 2-3 year payback, after which point you're saving thousands of dollars per year. You could even put the heat pump on a credit card at 20% interest and still pay it off within 5 years just on the energy savings.