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- Feb 1, 2015
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This heating cost calculator should answer your question. https://www.amsenergy.com/fuel-cost-calculator/
You ca enter your specific costs in to get a decent estimate.
Electric resistance heating is 100% efficient. The calculator is assuming a 200% efficiency over electric resistance heating for a heat pump and from what I have seen, modern heat pumps are capable of reaching 300 -400% efficiencies. The efficiency does drop with lower outside temperatures so your best performance will be above freezing. Heat pumps do struggle to keep up at lower temperatures which is why supplemental electric resistance heating is used.
You ca enter your specific costs in to get a decent estimate.
Electric resistance heating is 100% efficient. The calculator is assuming a 200% efficiency over electric resistance heating for a heat pump and from what I have seen, modern heat pumps are capable of reaching 300 -400% efficiencies. The efficiency does drop with lower outside temperatures so your best performance will be above freezing. Heat pumps do struggle to keep up at lower temperatures which is why supplemental electric resistance heating is used.