Heat Pumps

[PTWhatAGreatForum]

A quick update - today I have made an agreement in principle for my business to take a suite which is primarily commercial but with residential capability. It is located in the CBD.

More than I asked for, the owner has offered to install dual outlet split heat pump unit. Lease is 12 months with RoR.

Power is independent. I have arranged a power account at $1.15 / day + 0.187 / unit, no term contract and $150 bonus credit, so the other issue is fixed as well.

If anyone knows of any 'tricks of the trade' to reduce the cost of power, I'd be very interested.

[Bob Kane]

Sounds good.
How does the rent of this new place compare to your current place?

[PTWhatAGreatForum]

Sounds good.
How does the rent of this new place compare to your current place?

On a size basis - about 10% more cost. Currently paying around $181 m3 including OPEX and +GST.

[Orkibi]

I didn't have time to read all the pages in you post but my comments are as follow:
Considering that you are renting on month to month basses I can assume that you are renting a small space in multiple tenancy building?
OR that the property is in small town and in poor location and that's why your vendor accept short therm lease..?

whatever is the reason, don't expect to have it all your way, from financial and investment point of you you are high risk.
So if I was your vendor and if I'm not desperate to lease the space I would offer you:
1. Install the heat pump yourself at your cost and take it with you if you move next month or next year.
OR
2. Sign up for 4 years minimum and pay an increase rent by $$ per month and I will pay for it and own it.

thanks

[Connor]

Costs of getting/installing a new heat pump?

How much should I expect to pay? Will $3000 do?

Thanks.

[Anthonyacat]

Should do. The last one I did was about July last year, cost $2,400. I'm sure costs range a lot, though.

[andyp2010]

I get good ones secondhand. The one I'm just about to get installed is $600 fitted, $400 for the unit, $200ish for fitting (mates rates).Probably usually 400/400, worth the savings.

[Courham]

I just put a new one in one of my rentals for about $2500. Going to put the exact same one in another rental for...$600.

Why the difference? Tenants in property #2 have a community service card! Also woodburner in #2 is knackered, rules on woodburners changing here next year so is an extra subsidy to replace wood-burner with heat pumps. Have to take out woodburner but was going to do that anyway as its is had it.

Top and bottom insulation on #2 is also about $600 due to subsidies/ tenant having a CS card.

So pays to check out what subsidies are available in your area.

Craig

[donnyboy]

I just put a new one in one of my rentals for about $2500. Going to put the exact same one in another rental for...$600.

Why the difference? Tenants in property #2 have a community service card! Also woodburner in #2 is knackered, rules on woodburners changing here next year so is an extra subsidy to replace wood-burner with heat pumps. Have to take out woodburner but was going to do that anyway as its is had it.

Top and bottom insulation on #2 is also about $600 due to subsidies/ tenant having a CS card.

So pays to check out what subsidies are available in your area.

Craig

there's no subsidies for heat pumps is there? I thought they were all finished about 3 years ago.
What area ?

cheers

[donnyboy]

Should do. The last one I did was about July last year, cost $2,400. I'm sure costs range a lot, though.

heat pumps vary in prices, just like most things.
Try to be more specific, IE heating capacity would be good.
Typical lounge would be a 4-5kw heating rating, and $2400 should be about right

[Courham]

There is here in South Canterbury- through Ecan as we've a bit of a smog problem down here in winter and they are trying to encourage "greener" options. New regs come into effect next year for woodburners and banning open fires (IIRC).

http://ecan.govt.nz/advice/your-home/home-heating/pages/clean-heat-project.aspx

The Timaru home heating assistance programme provides help to homeowners who are currently using older solid fuel domestic heating appliances to change to cleaner forms of home heating.

Environment Canterbury is offering the following assistance:

$2000 (including GST) subsidy towards a clean air approved pellet fire or EnergyStar accredited heat pump $1000 (including GST) subsidy towards a replacement clean air approved woodburner, LPG heater that is AGA 4 star or better, or approved diesel heater	Existing solid fuel burner must be removed or disabled. Must be a solid fuel burner older than 15 years and the only heating source* used to heat the main living area**	Home must be in Timaru gazetted air shed Occupier (owner or tenant) must hold a current Community Services Card or be able to show an income-related need No previous financial support from Environment Canterbury towards heating replacement has been received for the property

* Where there is a woodburner and a broken heat pump, a $2000 subsidy is available to install a new heat pump but the woodburner must be removed (not just disabled)
** No subsidies are available where there is a woodburner and a heat pump in working condition

Craig

[Connor]

Thanks everyone.

Any particular brand you would recommend? It's for a dining/sitting area, medium size, so don't need a big one.

[Wayne]

I get good ones secondhand. The one I'm just about to get installed is $600 fitted, $400 for the unit, $200ish for fitting (mates rates).Probably usually 400/400, worth the savings.

Why are they second hand?
Probably best to know the provenance of the unit.

[ivanp]

I've purchased more than 10 second-hand heat pumps last year, so have some statistics now.
People sell high-wall heat pump units due to
1) renovations, usually:
- either converting old-style separate kitchen/dining/lounge into single open space - requires larger heat pump,
- or installing ducted heat pump, so high-wall units not needed anymore;
2) old models replaced by newer models - beware of the very old models that need R22 gas.

So far I haven't had any faults, but I only buy Daikin, Mitsubishi & Fujitsu if second-hand.

[MargVan]

Does anyone know why heatpumps are so expensive in NZ - is there a large import duty imposed on them? Our near neighbours, Australia, buy r/c a/c (aka heatpumps) at under half the price they are in NZ. Does anyone know if it's possible to import them from Aus?