Modern heat pumps are 3-5x more efficient than gas, at minimum. This is definitely a situation where the "nothing has changed in the last 30 years" mindset sadly prevails. Heat pumps will, in essentially EVERY situation, save money on utility bills over gas unless you are at -30F or below for months on end.
This is grossly incorrect. The net cost for a heat pump is more expansive, most likely way more expensive then natural gas.
Your forgetting the cost of fuel and the cost of electricity.
There is no way on earth a heat pump would have heated my 3000 sq ft home last month for less then $150 that I paid for natural gas. I purposely leave the second floor heat pump off, since the main floor gas heat rises.
Ok, so here is the post. Your heat pump MAYBE 200 to 300% more efficient because it is moving heat from the outside air to the inside vs. during a fossil fuel. Efficiency of heat pumps is also widely dependent on outside air temperature, even stated by the most respected manufacturer of heat pumps, Trane.
The electricity that you heat pump uses, is at best generated at about 50% efficiency by the time is gets to your house its closer to 30%.
Forward looking, ignoring the above, Call me crazy, but I will make a prediction here, the cost of electricity is going to start climbing like crazy and its already outrageous because partly its so inefficient getting it to your home. What how and who do you think is going to pay for all the new infrastructure and power plants needed to meet demand of this new electrified world?
Do people think all the electric vehicles hitting the roads are going to be powered by some magical source of electricity that is going to replace the fossil fuel they used to run on? Its why I am pro nuclear power, some other nations are leaving us in the dust.
The cost of electricity to your home is far higher than natural gas.
At modern gas furnace is about 90% efficient and the fuel to run it much less.
Here is an interesting quick read. I find it fascinating too.
Oh and before anyone reads it, I just love the photos of coal, oil and gas fired plants spewing out what the public THINKS is smoke! It certainly makes a dramatic photo but lying statement by omission from the media. That smoke in all photos of fossil fuel, gas, oil and coal plants is nothing more then harmless steam used to turn the turbines to create electricity!
The smoke stacks you see with no white smoke and no smoke at all, is the actual exhaust from burning the fuel! GAS, OIL OR COAL.
Same goes for much nuclear fueled plants.
Is a heat pump more efficient than a furnace? You have to look at more than the energy you get billed for to get the answer.
www.energyvanguard.com
We’re building a detached garage with an in-law apartment above it. We’re uncertain how to heat and cool it, but we’re hearing a lot about minisplit heat pumps, and wondering if they are really more energy efficient.
www.finehomebuilding.com
More from one of the most respected names in Heat Pumps =
Choosing between heat pump vs. furnace options? Discover the system that will help you save money and fulfill your temperature needs.
www.trane.com