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Figure 3‐32: U.S. Energy Nominal Price for Heating Oil (Retail Price Including Taxes) 350 300 250 200 150 100 50 0 2000 2002 2004 2006 2008 2010 Year Source: EIA Short Term Energy Outlook 2009; data for 2009‐2010 are projected. 3.11.4 Residential Fundamental Economics and Market Potential—Propane Baseline Technology Figure 3‐33 shows calculated simple payback periods for typical‐efficiency GSHPs compared to typical‐efficiency propane furnaces and air conditioners. The results suggest that GSHPs can offer fairly attractive payback periods in all regions compared to propane furnaces. However, propane use for space heating is very limited [RECS 2005]. U.S. Department of Energy 63 Price (cents/gallon)PDF Image | Ground‐Source Heat Pumps
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