Heat Pump Savings Calculator

Savings depend on your existing heating system, local fuel costs, and climate. Generally, transitioning from electric resistance heating or oil can result in substantial savings.

Look for government rebates like the Canada Greener Homes grants, tax incentives, seasonal promotions, and compare quotes from multiple installers.

Yes, especially in areas with milder winters and when replacing older and less efficient heating systems. Also the better insulated your home is, the more efficient and effective a heat pump will be.

Use a programmable thermostat, maintain the unit regularly, and ensure your home is well-insulated.

Heat pumps are generally more efficient at both heating and cooling, although heating is where they really shine compared to traditional heating methods. While most heating systems max out at close to 100% efficiency, heat pumps can achieve heating efficiency of 300% or 400% because they are moving heat energy rather than burning fuel to extract it.

Yes, in the long run, due to operational savings, especially when replacing less efficient systems, and especially if you take advantage of government rebates to offset a portion of the initial cost.

Yes, especially in milder coastal regions, but modern models can make them effective across most of Canada. Savings vary depending on local fuel costs and existing systems, as well as your own home’s layout and insulation levels.

Heat pumps can be 2-3 times more efficient than traditional electric resistance heating.

Depending on local fuel prices, heat pumps can be significantly cheaper, often resulting in a 30-50% reduction in heating costs.

Heat pumps are often cheaper than natural gas heating in the longrun, especially as the carbon tax may continue to raise the overall cost of fossel fuel heating. However because natural gas can generally be relatively cost effective compared to oil or electric heating, you may or may not save as much when switching to a heat pump from natural gas.

Heat pumps are generally cheaper to operate than propane systems, especially in areas with higher propane prices.

Yes, as carbon taxes increase the cost of fossil fuels, heat pumps become a more cost-effective heating option.

This depends on local energy prices, but natural gas is often one of the cheapest heating options in areas with access. Heat pumps can be competitive however, especially in well-insulated homes and regions with milder climates..

Yes, heat pumps are highly energy efficient, often providing 2-4 units of heat for every unit of electricity used.

Check with local utilities, provincial programs, or federal incentives. They usually have online applications and guidelines on qualification criteria. You can also consult our network of Certified local HVAC contractor partners who can provide estimates and help you qualify for any available government rebates.