Cold-Climate ASHP
3-ton, ccASHP-listed
$0
Net 10-year cost
- Equipment & install$13,000
- Electricity (heating+cooling)$14,600
- Maintenance$1,800
- Incentives−$4,550
Total cost of ownership
Every degree.
Every dollar.
Independent heat-pump economics for homes, commercial buildings, and industrial processes. Model equipment, installation, electricity, fuel, demand charges, maintenance, incentives, and lifecycle value with assumptions you can inspect and edit.
Cold-Climate ASHP
Gas Furnace + Central AC
96% AFUE, SEER2 15.2
$0
Net 10-year cost
- Equipment & install$11,600
- Natural gas + electricity$16,350
- Maintenance$2,000
- Incentives$0
The crossover moment
When does the math flip?
A heat pump usually costs more to install than a like-for-like furnace, especially a cold-climate-rated unit. It usually costs less to run — particularly against electric resistance heat, oil, or propane. Somewhere along the ownership timeline, the cumulative cost lines cross. Heatpump Economics calculates that crossover point for your specific climate, home, and baseline system.
Illustrative scenario. Your crossover point depends on your home, climate, electricity rate, baseline fuel price, and available incentives. The calculator computes yours exactly.
The methodology
Why most calculators get it wrong.
Most heat pump calculators are built by manufacturers, utilities, or advocacy groups. The math reflects who paid for it. A manufacturer calculator assumes best-case COP at mild temperatures. A gas-industry calculator ignores that federal tax credits used to offset a big chunk of the install cost.
Heatpump Economics is independent. We pull live electricity rates from the U.S. Energy Information Administration. We model performance degradation at your local design temperature using NEEP and DOE cold-climate data. We track federal incentive status accurately — including when it changes, like Section 25C's expiration for 2026. And we publish every assumption.
If our numbers say your gas furnace wins for your climate, we tell you that.
What's included
Every line item, accounted for.
You pay
- Equipment & installation
- Electrical panel/circuit upgrades
- Backup/auxiliary heat
- Electricity or fuel to run it
- Routine maintenance
- Repairs beyond warranty
- Financing & interest
You get back
- State & utility rebates
- Lower cooling costs (vs. no AC baseline)
- Reduced fuel-delivery dependence
- Longer equipment life (mini-splits, geothermal)
- Improved home comfort & humidity control
The tools
Three applications. One economic lens.
Calculator
Heat Pump Cost
Total cost to own and operate a heat pump sized for your home and climate.
Featured
Heat Pump vs. Traditional HVAC
Side-by-side comparison against gas furnace + AC, electric resistance, oil, or propane.
Commercial
Heat Pump vs. Gas RTU
Facility-scale energy, demand charges, maintenance, incentives, TCO, NPV, IRR, payback, and rate break-even.
Industrial
Heat Pump vs. Gas Boiler
Process-temperature economics for hot water, drying, food processing, heat recovery, and low-temperature steam.
Database
Incentives & Rebates
Federal, state, and utility programs you actually qualify for — including current 25C/HEEHR status.
Reference
Utility Rates
Electricity, natural gas, oil, and propane prices for your state, live from the EIA.
Library
Case Studies
Real climates, real numbers, six US cities from Minneapolis to Phoenix.