Yes. But there’s a lot more to the story than just a one-word answer, so we hope you’ll bear with us as we explain why a heat pump will raise your energy bill, and why that might not be as bad as you think!
Wintertime is tough for many households across the United States. We heavily depend on our heating systems, and depending on how cold it gets outdoors, those heating units can work tirelessly burning fuel or using electricity to warm our houses. It can sometimes feel like an uphill battle, especially with inflation and rising gas or electricity prices. Money doesn’t grow on trees, and many of our customers understand how important efficiency is.
Well, a heat pump installation in Avon, OH is an energy-efficient heating solution. But it still requires electrical energy to operate. This means that you might see an increase in your electricity costs, but there’s more to the equation than just that!
Electricity Is Efficient
Depending on the model of heat pump you invest in, they can be 300%, 400%, and up to 600% efficient when compared to a gas furnace. This means the heat pump is able to move more heat than the electricity it consumes. A highly efficient gas furnace, for instance, will be 95% efficient. This means it turns 95% of the gas it consumes into heat.
The only reason why a heat pump might be more expensive to run than a gas furnace is the current lower cost natural gas compared to electricity. It has nothing to do with how efficient the system is. Heat pumps have and always will be more energy efficient than other heating systems, but depending on how expensive electricity is in your area, you might end up paying more than you would for a gas furnace.
Reductions in Cost Elsewhere
Based on the section above, it can be easy to understand that while your electricity bill would increase by investing in a heat pump you might see a reduction in costs elsewhere.
For instance, by going electric, you won’t have to depend on natural gas or even oil anymore. And, due to many programs available today, you might even qualify for a tax credit or rebate by investing in an all-electric heating system. This can help offset those increases you might see on your energy bill.
The Source of Your Energy
Heating your home will always cost money. Whether you use electricity or natural gas, you’re going to have to pay a utility provider unless you do some nifty, out-of-the-box thinking.
For instance, if you invest in solar panels and a battery system to help power your home on sunny days, that energy could be used to help your electric heating system if it’s a heat pump. This will lower monthly cost substantially, and it’s also a more eco-friendly way of heating your home.
Also, depending on the future infrastructure of your municipality, if it invests in more cost-effective methods of providing electricity, you might see a drop in costs over time.
Contact Westland Heating, Air Conditioning and Plumbing to invest in a hyper-efficient heating system.