Minisplit vs oil heat: breakeven

Oil: 117,700 BTU/gal delivered (85% seasonal). COP values are at maximum capacity (worst case). Linear interpolation between the 5, 17 and 47°F points; below 5°F is extrapolated. Defrost and capacity loss are not modeled.

Look up your model's COP at 47°F, 17°F and 5°F (max capacity) on the NEEP cold climate heat pump list.
Electricity
Heating oil
Part-load COP bonus
Breakeven outdoor temp
Oil, per million BTU
Breakeven COP
MinisplitOil
Outdoor temperature (°F) vs. cost per million BTU delivered ($)

Breakeven temperature by electricity price

Each line shows the outdoor temperature at which the minisplit and oil cost the same to produce the same heat, for a given electricity price. When it's warmer than the line, the minisplit is cheaper; when it's colder, oil is cheaper. The solid line uses your oil price from the slider above, and the dotted and dashed lines show oil $0.50 lower and $0.50 higher. A line that runs along the top means the minisplit wins at every temperature shown, and one along the bottom means oil wins at every temperature shown.

Electricity price ($/kWh, horizontal) vs. breakeven outdoor temperature (°F, vertical)