Heat pumps lower electricity bills by $300 to $1,500 annually, saving 30% to 70% on energy costs. Heat pumps are 2 to 3 times more efficient than furnaces, and pay themselves back in energy savings within 5 to 12 years. Plus, heat pumps are inexpensive to run, making them worth the cost
The average cost to install a heat pump and ducts is $6,000, depending on the size of the home, number of stories, and ducting quality. Replacing or installing new ductwork costs $1,400 to $6,600 alone on average.
What size heat pump do you need for your home? A rough estimate for sizing a heat pump unit is 600-650 square feet per ton. if an area in your home is 1400 sq ft of conditioned space, you would divide 1400 by 650 to get 2.1, indicating the need for a 2-ton unit.And the heating of running cost will be 0.33 per hour,cooling will be 0.21 per hour.
Electric furnace are one of the most expensive forms of heating. Generally, the cheapest way is using an efficient Heat Pump.