Unfortunately too even with the spike in prices gas is still significantly cheaper than electricity even with the efficiency. But I was thinking about solar down the road which is the only reason I considered it.
It’s also not an either/or thing. My house (southern Maine) has oil forced hot water heat, with an older 84% efficient boiler, and a mini split. We have no natural gas service, and propane isn’t cost effective. We run the split through both shoulder seasons, and we turn the split system off when it’s consistently below freezing or oil drops below $2.00/gal (our breakeven point). The heating bill is surprisingly reasonable given the climate. As a bonus we have great AC from the split, and I don’t care what anyone says, it’s needed these days!
Are you in Maine or somewhere else?
I know a fellow who was on oil heat and the nat gas grid was going to extend to them, but they’re going to install mini splits and keep oil as their deep freeze protection.
If it's a new build, and you have the ability to make that decision early and adjust everything else, it tilts heavily away from gas or any other combustion within the home's envelope.
Air heat pumps dont work in 0F, you need an alternative. My heat pump has resistive heating coils for when it gets cold. https://en.wikipedia.org/wiki/Air_source_heat_pump#Efficienc...
I also replaced two natural gas water heaters with one 80 gallon air source heat pump water heater. It can run fully heat pump but also has coils. A "high demand" mode can run both simultaneously, but 95% of the year I run it in "efficiency" mode which is purely heat pump operation. It costs about $80-90/annually so far.
You may have to install your own because the installers won’t know what to do with one.