Choosing a device for heating your home is important because the longer it takes to heat and cool your home, the more expense you will have to account for over the life of your heating equipment. While you can save money on installation by buying mid-efficiency equipment, you will pay for it in the long run in the way of higher heating and cooling costs. A better way to save money on installation and operating costs is to buy a heat pump.
The Difference between a Furnace and a Heat Pump
A furnace has to create its own heat; whereas, a heat pump simply moves heat from one location to another. This means that a heat pump can be used to move heat into or out of your home. In other words, you can both heat and cool your home with a heat pump. Thus, you can save money on installing just one piece of equipment instead of two. You also only have to worry about upkeep and maintenance for one unit.
How Do You Know if a Heat Pump Is Right for You?
Heat pumps are most efficient when temperatures are moderate. If you live in a part of the country that is subject to extremely cold winters, then your heat pump will lose its efficiency at best and fail to heat your house at worst. While you might not be able to depend on your heat pump as a primary source of heat, you can still use it to keep your home comfortably through three seasons.
Eliminating Operating Costs
One final advantage of a heat pump is that it runs on electricity as opposed to a furnace which must burn a fuel. Because a heat pump runs on electricity, you can use solar panels or a wind turbine to generate the electricity you need to run your heat pump. Thus, you can heat and cool your house without tapping into the grid at all. While installing equipment to generate your own electricity will cost extra at installation, the money you save by not paying for operating costs will more than make up for the added expense.
If you are in the market for a new furnace or heating service, you should at least consider a heat pump. At best, you can eliminate your operating costs, and at worst, you can reduce your operating costs for at least three seasons out of the year.