Costs & savings · Heating

What could a heat pump save?

Start with the numbers from your home—not a national average. Compare natural gas or electric resistance heating with a proposed heat pump.

Current heating fuel

Annual heating use (therms)Heating only; exclude cooking and hot water.Current heating rate ($/therm)Use the variable rate from your bill, not fixed service charges.Electricity rate ($/kWh)Include variable delivery charges.Current heating efficiency (%)Gas: AFUE from your system. Electric resistance: 100%.Seasonal COP — lower estimateAsk your installer for climate-adjusted performance, including backup heat.Seasonal COP — upper estimateUse a range between 1 and 6; HSPF2 is not COP.All-in heat pump quote ($)Include permits, electrical work, ducts, and labor.Alternative replacement quote ($)Optional. Leave blank to compare with keeping your existing system.Confirmed rebates and incentives ($)Optional. Enter only amounts you have verified; no automatic tax credit.

Your estimate

Your heating usage, local rates, and installed quote determine the result.

Planning estimate, not a guarantee. Same heating demand in both scenarios. Excludes cooling, financing, fixed utility charges, maintenance, future rate changes, and equipment life. Seasonal performance must include defrost and backup heating. Simple payback is not an investment-return estimate.

Check rebates Get local quotes

Method: EIA heat-unit conversions (100,000 Btu/therm; 3,412 Btu/kWh). DOE heat pump guidance.