Is switching to solar worth it for my situation? All existing ACs and oil fired systems are aging out at the same time and need replacement soon.
I just purchased a home on Long Island NY and it all runs off oil. Gas is not an option for 5 more years. All of my current systems are aging but I'm told are top of the line and could last 5 or more years by the person who did the home inspection.
I've read theories that solar install prices will go down now that the federal credit is gone, but this might not happen before I need to start replacing my existing system. It seems like solar is less beneficial without this credit, however I'm in a unique situation where most things need to be replaced soon.
I currently have the following
- Bock oil fired water heater estimated to be 30 years old
- Weil McLain oil fired furnace estimated at 30 plus years old which runs baseboard heating
- 2 carrier AC units approximately 18-19 years old
My concern is if they start failing I will have to replace them with a newer option that favors oil as fuel since that's what I have currently. If I go with solar or not, I'll likely need to replace all of these things in the next few years.
The home is 2,600 square feet plus a basement.
Any guidance is appreciated!