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 |
$1,312 |
$822 |
$490 |
| Mid-Efficiency |
$1,198 |
$766 |
$432 |
| High Efficiency |
$1,117 |
$713 |
$404 |
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 |
$1,035 |
$663 |
$372 |
| Mid-Efficiency |
$942 |
$614 |
$328 |
| High Efficiency |
$878 |
$571 |
$307 |
*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 June 1, 2005) |
|
| Gas: |
$1.73700 per Therm. + $7.74 per month service charge |
| Summer Electricity: |
$0.09035 per kWh, July – October |
| Winter Electricity: |
$0.08035 per kWh, November – June |
| Electric Service Charge: |
$6.75 per month |
|
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