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| Square Footage | Furnace BTU |
|---|---|
| 1,000-1,200 sq. ft. Home | 40,000 - 60,000 BTU |
| 1,200-1,500 sq. ft. Home | 60,000 BTU |
| 1,500-1,800 sq. ft. Home | 60,000 - 80,000 BTU |
| 1,800-2,500 sq. ft. Home | 80,000 - 100,000 BTU |
| 2,500-3,500 sq. ft. Home | 100,000 to 120,000 BTU |
Calculate the estimated monthly operating cost of your heat pump for heating or cooling with this quick quiz.
COP (Coefficient of Performance) measures heating efficiency. Higher = more efficient. Check your manual or use the default.
SEER (Seasonal Energy Efficiency Ratio) measures cooling efficiency. Higher = more efficient.
Check your electricity bill or use the Canadian average.
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IMPORTANT: This is a general estimate for informational purposes only. Actual costs vary based on usage patterns, local weather, thermostat settings, and equipment age.
These are estimates. Get precise quotes from certified contractors — for free.
GET FREE QUOTES| Province | Avg. Electricity Rate (¢/kWh) | Annual HP Heating Cost (1,500 sq ft) |
|---|---|---|
| Quebec | 7–9¢ | $600 – $900 |
| British Columbia | 10–13¢ | $800 – $1,200 |
| Ontario (Time-of-Use) | 11–17¢ | $900 – $1,500 |
| Alberta (Variable) | 12–20¢ | $1,000 – $1,800 |
| Nova Scotia | 17–21¢ | $1,200 – $2,000 |
| Heating System | Annual Cost (Ontario) | Annual Cost (BC) | Annual Cost (Alberta) |
|---|---|---|---|
| Natural Gas Furnace (92% AFUE) | $1,400 – $1,800 | $1,200 – $1,600 | $1,600 – $2,200 |
| Electric Baseboard (100%) | $2,800 – $3,800 | $1,400 – $2,000 | $2,200 – $3,500 |
| Heat Pump (COP 2.5 avg) | $900 – $1,400 | $700 – $1,100 | $2,200 – $3,500 |
| Oil Furnace | $900 – $1,400 | $2,000 – $3,000 | $2,200 – $3,200 |
It depends on your current heating system. If you’re switching from natural gas, your electricity bill will increase but your gas bill will decrease — and the net effect is often savings of $200–$800/year. If switching from electric baseboards, most homeowners see a significant reduction in their electricity bill since heat pumps are 2–3x more efficient.
Yes — heat pumps provide both heating and cooling in a single system, eliminating the need for a separate air conditioner. This dual functionality means the equipment cost is offset against what you’d pay for both a furnace and a central AC unit.
Key strategies: use a programmable schedule (reduce setpoint at night), ensure regular filter cleaning every 1–3 months, schedule annual professional maintenance, improve home insulation and air sealing, and take advantage of time-of-use electricity rates by shifting usage to off-peak hours where available.
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