Electric Heat Pump Vs Gas Furnace Cost

If you live in an area where electricity costs less than gas then a heat pump is also the better option.

Electric heat pump vs gas furnace cost.

Your fuel prices may differ. The cost of a new electric furnace is 1 200 on average to install. Compare the pros and cons. For gas people can choose between natural gas and propane while with a heat pump homeowners usually have both the heat pump function and the electric heating element included with the pump.

The cost of a new electric furnace ranges from 1 000 to 2 500 while a gas furnace will cost between 3 000 and 4 000 before installation. To talk with a professional about upgrading your heating system contact an efficiency maine residential registered vendor. Click here for an annual cost comparison chart using default values from the calculator above. Compare costs efficiency installation operating costs and more for electric heat pumps vs gas heating to determine which hvac system is best for your home.

Installing a heat pump is often cheaper. The average price for a new gas furnace ranges from around 2300 to install depending on manufacturer. Altogether your home comfort costs may be less with a heat pump. Electric furnaces are generally less expensive to purchase than gas furnaces and cheaper to install.

Gas furnace come down to where you live. Check here for up to date and regional pricing. If you have an electric furnace or a heat pump an hvac technician will have to install venting for a gas system which will increase the cost of your installation. A heat pump can do both.

These various methods of heating all have their associated costs. The cost to have a gas furnace installed averages 4 500 and the cost to install an electric furnace runs about 4 000 but you could pay up to 10 000 or. Why choose a heat pump over a gas furnace. However if your home requires cooling a furnace will need to be matched with an air conditioner.

Ground source heat pump possibly air source heat pump average cop of 2 2 5 in uk costing more than gas and lastly i would personally rather spend 5000 installing a good gas central heating system than 16000 25000 for a ground source heat pump system offering similar returns in cost. Homeadvisor s complete heat pump or forced air furnace guide defines the differences between electric and gas heat pumps and gas electric propane and oil furnaces. If you live in the south where winter temperatures may only reach 40 to 60 degrees then a heat pump is the best fit for your home. Unlike electric furnaces or heat pumps gas furnaces actually produce gas which means your system needs to vent to the exterior in order to remove these gases from your home.