Finding the most cost-effective heating solution for your Huntsville, AL home will allow you to maintain consistently comfortable indoor conditions without breaking your budget. However, it’s important to consider both the upfront costs of individual heater types and the ongoing costs of using them. Two of the most efficient options currently available are electric furnaces and heat pumps. Read on to find out how they measure up.
How Much Do Heat Pumps Cost?
With both indoor air handlers and outdoor condenser units, heat pumps have average installation costs that range between $3,500 and $7,500. Factors like the size of the intended service area and the included range of functions and features make some models significantly more pricey than others.
How Much Do Electric Furnaces Cost?
Depending upon which model you choose and the size of your home, you’ll pay between $800 and $4,500 for an electric furnace. You’ll also have to pay a bit more to have your new unit put in. Installation charges include labor, mechanical permitting, and any necessary structural or electrical modifications. However, unlike gas-fired and oil-fired heaters that typically last between just 15 and 20 years, most electric furnaces will last up to three full decades.
Comparing the Operational Costs of Heat Pumps and Electric Furnaces
According to the United States Department of Energy (DOE), heat pumps are the most efficient source of home heating in many areas. In the right conditions, some heat pumps boast efficiency levels as high as 400%. These units deliver four times the amount of heat energy that they consume in electric energy. With heat pumps, some homeowners are able to cut their energy bills in half.
Comparatively, electric furnaces maintain efficiency levels of 100%. This remains true in all regions and in all weather conditions. While they don’t produce more heat energy than they consume in electric energy, they offer even and consistent heating all of the time. In some homes, this may lead to energy savings of up to $814 per year.
Batey Brothers Heating & Cooling Heat Pump Service
We’re committed to helping homeowners in Huntsville make informed decisions about their heating systems. We offer heating and cooling installation, maintenance, and repair services. We also provide smart thermostats and indoor air quality solutions.