I can believe it has a lower price, but I'm sure the cost is higher.
I can believe it has a lower price, but I'm sure the cost is higher.
Would it?
e.g. according to https://c03.apogee.net/mvc/home/hes/land/el?utilityname=ure&... unless you live in area with extremely expensive gas and very cheap electricity it will always be cheaper.
If I were doing a brand new build, it may make some sense just because I like to be "green". But paying several thousand just for the install, only to end up paying more per year: Just doesn't make sense.
The point is exactly that electric heat pumps and gas are comparable. Which means that other things start to tip the scale like not having gas in the house (fire safety), having nicer air conditioning for the summer from the same unit, offsetting the grid electricity use with your own solar (lower generation in the winter, but it still helps), and envisioning grid scale sources moving towards renewables.