this post was submitted on 23 Jun 2024
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I just had to buy a new gas furnace and air conditioner, so, with my mind on global warming, I asked the furnace guy what it would cost to put in a heat pump. He said he has put in quite a few, but the costs have gone way up. He also said that in our climate I would need an electric back-up furnace for winter because a heat pump loses efficiency quickly at temps below -15C. The cost was going to be around $30,000, compared to $15,000 for the new gas furnace and AC. Also, electricity in Ontario is an incredibly expensive way to heat, so that would be a big extra monthly cost in the winter. An in-ground geothermal system would be about $65,000, he said.
It isn't hard to see why gas is still popular, and that it will continue to be far into the future unless we undertake some kind of national project to replace our fossil fuel infrastructure with nuclear for the needed electricity and then convert our cars and homes over to full electric.
Did you asking about getting a heat pump to run the AC coil above the gas furnace instead of just a regular outdoor AC unit? The cost difference in hardware is only a few hundred dollars at most (for same sized unit, maybe $500-$700 if you are going up a size to hear for longer into the winter), installation cost should be the same and while it doesn't eliminate gas burining you can reduce it by probably 50% - 70%.
This is basically what I'm in the process if doing, except rather than a furnace replacement I'm only doing it to add AC because I currently don't have AC on my furnace.
No, I didn't know that was an option. Cool idea, though. No pun intended, but I'll take it.