Free tool · 2026 fuel prices

Heat pump vs gas, oil & electric

Pick your climate zone and current heating fuel. The calculator runs the real math: BTU demand, equipment efficiency (HSPF/AFUE), fuel price and gives you yearly running cost side-by-side.

Your home

Defaults reflect a typical 2,000 ft² US home in each climate zone.

Find on your gas bill (Therms × 0.1) or oil bill (Gallons × 0.139).

Current heating system

Gas: 80% standard, 95%+ condensing. Oil: 80–87%. Electric resistance: 100%.
USD per therm (1 therm = 100,000 BTU).

Heat pump option

Federal minimum: 8.8. Mid-tier: 10–11. Cold-climate top-tier: 12–14.

Annual heating cost

Side-by-side, same comfort delivered.

Current system
Air-source heat pump
Annual savings with the heat pump

10-year forecast

Cumulative savings (10 yr)
Heat pump install (typical) $14,000–$18,000
Estimated payback
Note: assumes a like-for-like replacement and that the heat pump handles the full heat load. In Zone 6+ a supplemental coil may be needed (~5% additional electricity).

The physics in one line

A 90 % AFUE furnace turns 1 unit of fuel energy into 0.9 units of heat. A modern heat pump moves 3 units of heat using only 1 unit of electricity — because it's not generating heat, it's pumping it from outside (yes, even at 0°F).

cost_current = (annual_BTU ÷ fuel_BTU_per_unit ÷ AFUE) × fuel_price
cost_heat_pump = (annual_BTU ÷ 3412 ÷ (HSPF ÷ 3.412)) × elec_rate
                = annual_kWh × elec_rate

Frequently asked questions

What is COP and HSPF and why do they matter?

COP is heat delivered / electricity consumed. A COP of 3 means a kWh of electricity moves 3 kWh of heat into your home. HSPF is the US season-weighted equivalent — divide by 3.412 for an approximate season-average COP.

Do heat pumps work in cold climates?

Modern cold-climate (ccASHP) models operate down to −13°F / −25°C with COP near 2. Common in Maine, Vermont, Minnesota. Below that, an electric or gas backup is wired in.

Is the heat pump tax credit still 30 % in 2026?

The Section 25C federal credit (up to $2,000) was eliminated in July 2025. State rebates may still apply — check DSIRE for your state.