|
How Much Can It Cost
To Heat My Home With A Gas Furnace Vs. A Heat Pump?*
House Built To State Energy Code
| Efficiency Level |
Gas Furnace
Cost/Year |
Heat Pump
Cost/Year
|
Heat Pump Cost
Savings/Year |
| Minimum Efficiency |
$1,033 |
$666 |
$367 |
| Mid-Efficiency |
$958 |
$598 |
$360 |
| High Efficiency |
$920 |
$569 |
$351 |
House Built To Progress Energy’s Energy Efficient Home Program/Energy Star**
| Efficiency Level |
Gas Furnace
Cost/Year |
Heat Pump
Cost/Year
|
Heat Pump Cost
Savings/Year |
| Minimum Efficiency |
$834 |
$484 |
$350 |
| Mid-Efficiency |
$794 |
$460 |
$334 |
| High Efficiency |
$758 |
$444 |
$315 |
*This is an estimate only. Actual results may vary depending on house type, location, occupant behavior and other factors.
**Energy Star heating estimates include the Progress Energy 5 percent discount. For more information about the Energy Star program, visit the website at www.energystar.gov/homes.
| Assumptions |
|
| House Size/Location: |
1908 sq. ft. in Raleigh, North Carolina |
| Thermostat Set Point: |
72°F heating |
| Fuel Pricing |
|
| (Published prices as of April 1, 2008) |
|
| Gas: |
$1.335 per Therm. + $10.00 per month service charge |
| Summer Electricity: |
$0.09678 per kWh, July – October |
| Winter Electricity: |
$0.08678 per kWh, November – June |
| Electric Service Charge: |
$6.75 per month |
|
