Heat Pump Vs Gas Furnace Cost

The cost to operate either a gas furnace or a heat pump system truly relies on the cost of your fuel source from your local utility company.

Heat pump vs gas furnace cost.

A heat pump uses a refrigerant to transfer heat from other sources such as the outside air into the home. For states that experience cooler temperatures 40 60 degrees but not colder temperatures below 40 degrees a heat pump can be more efficient and cost effective. A water heat pump will only use around 190 worth of energy per year almost half of what a natural gas heater must use. Installation cost generally the initial cost and installation of a gas furnace is cheaper than a heat pump.

Both units are going to use the same electricity to power the cooling system and the blower and other electrical requirements. A heat pump can do both. It can be cheaper to heat a home with natural gas in a colder region but not in a warmer region. Heat pump vs furnace.

Homeadvisor s complete heat pump or forced air furnace guide defines the differences between electric and gas heat pumps and gas electric propane and oil furnaces. Installing a heat pump is often cheaper. The cost to have a gas furnace installed averages 4 500 and the cost to install an electric furnace runs about 4 000 but you could pay up to 10 000 or. It does not use a fuel to create heat and so is much more efficient that other options including natural gas heaters.

Furnaces are typically cheaper compared to heat pumps but the price varies depending on unit size and features if you prefer hot toasty temperatures inside your home a furnace might be the better option for you. Compare the pros and cons. Altogether your home comfort costs may be less with a heat pump. However if your home requires cooling a furnace will need to be matched with an air conditioner.