Heat Pump Cost Calculator

Calculate the operating costs of a heat pump based on energy use and electricity rate.

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Cost estimate will appear here.

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Total kWh used per year
US average: $0.16/kWh

How Heat Pumps Generate Cost-Efficient Heat

Heat pumps don't generate heat — they move it. Using a refrigeration cycle, they extract heat from outdoor air (even cold air contains heat energy) and transfer it inside your home. This makes them remarkably efficient: a heat pump with a COP of 3.0 produces 3 units of heat for every 1 unit of electricity consumed.

This efficiency translates directly to operating savings. While electric resistance heating costs approximately $0.16 per 10,000 BTU, a heat pump delivers the same heat for only $0.04–$0.06 — 60–75% less than pure electric heat.

Average Operating Costs by Climate

  • Mild (Georgia, Alabama, Texas): $400–$700/year for a 2,000 sq ft home
  • Moderate (Virginia, North Carolina): $600–$1,000/year
  • Cold (Pennsylvania, Ohio, Oregon): $900–$1,500/year
  • Very Cold (Minnesota, Maine): $1,200–$2,000/year (or dual-fuel recommended)

🔄 Seasonal Switch: In very cold climates, many homeowners use a dual-fuel setup: heat pump when temperatures are above 30–35°F, gas furnace when it drops lower. This approach captures heat pump savings during shoulder seasons while ensuring reliable heating during extreme cold.

For more information on heat pump costs and efficiency:

For official heat pump resources and incentives:

Disclaimer: This calculator provides estimated operating costs based on energy consumption. Actual costs may vary based on climate, usage patterns, and utility rates.