said by OldCableGuy3 :No one is getting rich quick off the electric savings from a new central AC
But they might if they put in a heat pump (this is climate dependant obviously). I have a friend in central PA who replaced his 3 20+ y.o. A/C only systems and a oil boiler/hot water radiators with heat pumps; payback time was 2 years. As he did this 5-6 years ago he's saved thousands so far (oil alone was $2,000+/season, and his current electric bill with the heat pumps is no where near that).
/M