Heat Pump Cost Calculator

Ducted heat pumps work similarly to a central air conditioner, by connecting to your home’s ductwork and using your furnace’s blower to circulate the air throughout your house.

The size of heat pump you will need for your home, whether it’s 1500, 2000, or 2500 square feet, or any size bigger or smaller, will depend on a variety of factors including where you live and the local climate, your home’s layout and how old it is, how well insulated it is. It’s best to consult a professional for an in-home assessment.

The monthly cost of running a heat pump depends on factors such as the size of your home and the corresponding size and BUT output of your heat pump, the local climate, how well insulated your home is, your personal usage patterns, the harshness of winters and summers, and energy prices. On average, a heat pump’s operating cost can range from $50 to over $300 per month.

Yes, heat pumps can be financially worth it in the long run due to their high energy efficiency. While initial installation costs may be higher than traditional systems, the energy savings over time can often eventually offset the upfront expenses. Additional incentives like government rebates offsetting some of the initial costs can help too. Plus heat pumps are more environmentally friendly and can help reduce carbon emissions.

Heat pumps are generally significantly more energy-efficient than other types of heating system, including natural gas furnaces, propane furnaces, boilers, or baseboard heating (often by a factor of 3 or more). However the exact type and model of heat pump you choose will also determine it’s energy efficiency, and how much you might save. And finally, local energy prices may vary, including natural gas and electricity rates, and will greatly impact which heating method is cheaper overall.

It’s generally more cost-effective to set your heat pump to a consistent temperature rather than turning it on and off frequently. Heat pumps work best when maintaining a steady temperature, as rapid fluctuations can lead to increased energy consumption. However you can adjust the temperature up and down by a few degrees when not home in order to save money, especially with the help of a smart thermostat.

Switching from gas to a heat pump can be worth it, especially if you’re looking to reduce carbon emissions and energy bills. However, the feasibility and cost-effectiveness depend on factors like your home’s insulation, regional climate, and the efficiency of the heat pump.

Yes, heat pumps are worth considering in Canada, especially in regions with milder winters. They can provide efficient heating and cooling, reducing both energy costs and environmental impact. Cold-weather heat pump technology has improved considerably in recent years, allowing certain heat pump models to be effective even at -30 degrees Celsius according to some manufacturers. However, in extremely cold climates, additional heating sources might be needed.

Yes, heat pumps can heat an entire house. Properly sized and installed heat pumps can provide consistent heating throughout your home. Ducted heat pumps will use your home’s existing ductwork, whereas ductless heat pumps can be used to heat specific areas and are commonly used in homes without ductwork, like homes heated with boilers and radiators.

Installing a heat pump might not be ideal if you live in an area with extremely cold winters, as heat pump efficiency can decrease in very low temperatures. That being said, cold weather heat pump technology has come a long way. Additionally, upfront installation costs can be higher than traditional systems, though long-term energy savings often offset this. Finally, heat pumps work best in homes that are relatively well insulated. So if you have a very old and poorly insulated home, a heat pump may not save you much money.

Currently the Canadian federal government is offering rebates of up to $5,000 or more for installing a heat pump. And local governments and utility companies across Canada are also offering various grants and rebates.