A lot of homes here in Ireland (and I presume elsewhere in Europe) must be built to an ‘A level’ build energy rating. This typically means installing PV Solar or heat pumps. Rarely both.
My modest solar installation on my three year old house only provides about 40% of my electricity needs (typical daily import is 8 kWh and generation is 5 kWh). Winter is a different story.
Most heat pumps here are air to water systems. Homes don’t require AC here but you can get air to air systems that can heat or cool your home as needed. The benefit of a heat pump is it’s coefficient of performance (CoP). This is the amount of thermal energy you get out for electrical energy put in. A typical system can sustain a CoP of between 3 and 4. However this drops off as the outside temperature drops and you push up the heating demanded.
They should be as reliable and performant as your fridge or AC unit. So you many need to replace the pump or refill the refrigerant.
Another interesting technology is a so called solid state heat pump or thermoelectric module. These have an awful CoP usually much less than unity. They are interesting for thermal management due to their size however. You can aggressively cook a small high-flux component and then deal with the thermal load form the hot side of the TEC with a big cooler. You can even stack them. Their efficiency increases as the temperature difference goes to zero so a stack with a small temperature jump between layers can be better. They also work in reverse and can therefore be used to scavenge electrical power when you have hot and cold reservoirs. For example put one on the exhaust of your car and you can harvest enough energy to charge your phone.