How Heat Pumps Can Save You Money on Your Energy Bills

October 30, 2023


Heat pumps use electricity to move heat from the air to your home, but they’re far more efficient than propane or fuel oil systems. That means they can lower your energy bills significantly.

If your home has ductwork, you can easily use it with a heat pump, although ensuring the ducts are well-insulated is important. Heat pumps are also much better for the environment than fossil-fuel systems.

They Are More Efficient

Unlike traditional propane or fuel oil furnaces, gas boilers, or electric resistance heaters that convert fossil fuels into heat, heat pumps transfer existing heat energy from the air to your home with minimal electricity. This results in substantial energy savings and lower utility bills while helping reduce greenhouse gases.

Moreover, Mitsubishi heat pumps do not produce carbon monoxide and are less prone to dangerous leaks. They also do not burn fuel, so they are much safer than conventional fossil-fuel-based systems.

Lastly, most quality heat pumps have COP (Coefficient of Performance) figures of four or more, meaning that they deliver up to four units of heating power for every kilowatt of electricity use. This is considerably higher than the average gas furnace, which typically has a COP of under 1.

They Are More Affordable

Heat pumps are more expensive than traditional heating systems to purchase and install, but long-term energy savings help offset the initial costs. Depending on climate and other factors, they can also be less costly than basic air conditioners to run. Heat pumps cost less to operate than gas in most regions and usually beat oil and propane on a cost basis. The upfront costs of a heat pump can be brought down even further by available federal and state incentives.

And if you can use clean electricity from rooftop solar panels to power your heat pump, the cost savings will be even greater.

They Are More Versatile

Heat Pumps move heat from one place to another instead of creating it like traditional systems that burn fossil fuel or use inefficient electric resistance. This allows them to reach up to 300 or 400 percent efficiencies – a huge leap above the 100 percent efficiency standard furnaces can offer.

Heat pumps can be even more energy efficient when paired with good insulation and air sealing. This can reduce energy bills and carbon footprints even further.

According to Carbon Switch, the average homeowner can save up to $1,000 annually by switching from a gas furnace to an ENERGY STAR heat pump. It also means they can save 4.1 tons of carbon from entering the atmosphere yearly.

They Are Better for the Environment

Whether the electricity powering heat pumps is from fossil fuels or clean, renewable sources like wind and solar, they are much better for the environment than traditional heating systems powered by fossil fuels. This is because heating with fossil fuels wastes energy and creates air pollution, contributing to climate change and human health problems.

Heat pumps can cut carbon dioxide emissions and other air pollutants by a huge amount, and they can help mitigate the effects of climate change on homes and businesses by shifting heating from fossil fuels to electric power. They are also a good option for reducing greenhouse gas emissions in areas dependent on natural gas imports.

The only downside to heat pumps is their upfront cost, which can make them difficult for poorer households to afford, but the energy savings they offer in climates where they work best will pay for the investment over time. Having your home evaluated for ENERGY STAR and upgrading it with insulation and air sealing can help to reduce those costs.


Carlos Diaz
I believe in making the impossible possible because there’s no fun in giving up. Travel, design, fashion and current trends in the field of industrial construction are topics that I enjoy writing about.

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