was passed, meaning that if we had purchased today, we would have gotten $2,000 off each of the quoted heat pump systems, further reducing our upfront costs!
We were admittedly a little nervous about operating costs. The heat pump had a 16 SEER and 10 HSPF , neither of which are exceptionally efficient.
Old gas furnace and water heater in the south side of the Cleveland house were replaced with a ducted heat pump and heat pump water heater in 2021.We didn’t have the funds to switch the systems on the north side unit , so we’ve been unintentionally running a pretty solid apples to apples, gas vs. electric, experiment for the last year and a half. Both sides of the duplex have the same layout and are used in the same way and both have been kept at a comfortable 72 degrees year round.
Utility bills comparison. Price of electricity is 14.8 cents/kWh. Price of gas $1.42/therm. Geek out onThe north side electric costs grow significantly in the summer due to the old, inefficient air conditioner. If we had a more modern gas furnace and AC, the utility costs would definitely be lower. Thus, this isn’t a true apples to apples comparison. But it does show that the lowest upfront cost and most environmentally friendly heat pump option didn’t increase our utility bills.