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Is an HVAC Heat Pump a Good Choice for your Home?

This calculator is designed to estimate the cost difference between various heating and cooling systems. Adjust the seasonal monthly bill amounts to align with your usage to refine the estimate for your situation. This is only an estimate, be sure to work with a professional contractor to ensure you get a properly sized heat pump.

Select Current Heating System
Estimated Monthly Other Bill
For:
Select Air Conditioning System
Estimated Monthly Electric Bill
For:
Home Insulation Levels
New Heat Pump Options
Estimated Installed Cost
Estimated Tax Credit*
Estimated Total Cost
Estimated Annual Savings
No Annual Savings
 Reduction
Current
Operating Cost*

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Heat Pump
Operating Cost*

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Estimated Annual Savings
No Annual Savings
 Reduction
Estimated carbon emission reduction

Our 100% Green Power rate plan options provide 100% renewable energy. You can reduce your carbon emissions significantly when switching from fossil fuel-powered systems.

Estimated Carbon Reduction
No Reduction
 Reduction

Our 100% Green Power rate plan options provide 100% renewable energy. You can reduce your carbon emissions significantly when switching from fossil fuel-powered systems.


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Estimated Carbon Reduction
No Reduction
 Reduction

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Estimated Carbon Reduction
No Reduction
 Reduction
Year-over-Year Bill Comparison
While your estimated results may include considerable monthly electric bill savings, it is important to remember that the upfront cost of Heat Pump equipment and installation is significant, whether purchased with cash or financed through a loan. Note: These results can be adjusted to estimate future inflation scenarios using the input field below (Est. Annual Electricity Price Increase).
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*Disclaimer: This tool is only intended to provide an estimate of how a heat pump installation may impact your electricity bill. Actual results will vary. Users may not realize similar bill reductions. Data is subject to change without notice. This electricity bill calculation is only an estimate and may not include all applicable fees and taxes. Electricity rates change periodically. We do not warrant, represent, or guarantee that this data is accurate. In no event shall CPA or its suppliers be liable for any special, indirect or consequential damages or any damages whatsoever, including, but not limited to claims associated with the accuracy of this data or information. Get additional estimates before making a decision to purchase a heat pump system. We do not recommend or endorse any installation contractors. Be sure to get multiple quotes, check references and ask for licensing and insurance information when engaging with a contractor. The default estimated payback time does not include incentives, including state and federal tax rebates.