In this video we talk about whether or not it's cheaper to operate a heat pump vs. a furnace, and how to calculate this in your region and for your given heat pump. We break down COP (coefficient of performance) and how this plays into your actual operating costs so that you can determine whether or not it will be more efficient to operate a heat pump, or a traditional forced air furnace. There is a lot of information out there on heat pumps and some people advocate for them, while others might say things like they're expensive to operate or not cost effective, but the truth is that it depends on several factors which we break down in this video.

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https://thebeehvac.com/schedule-hvac/

Currently Serving:
Denver Metro, CO
Phoenix, AZ

Website for historic energy inflation calculations over any given time period.
https://www.in2013dollars.com/Energy/...

Formula for Breakeven COP:

Electric rate x furnace efficiency x 29.3
————————————————————
Therm rate

Example:
.10 cents KWH rate
80% furnace
$2 per therm

.10 x .8 x 29.3
———————
2

= Breakeven COP of 1.17

In this example it’s very cost effective because electric rates are low and natural gas is moderately priced. If natural gas was cheaper or electric rates were higher than this could change and vary, and will also vary based on outdoor ambient temperatures as heat pump efficiency decreases in extremely cold temperatures.





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