hEAT pUMPS

Heat pumps are essentially two-way air conditioners. In the summertime, Heat pumps work like any other AC unit, removing heat from the air inside and pushing cooled air back into the room. In the cooler months, Heat pumps do the opposite, drawing heat energy from the air outside and moving it into your home to warm things up. The process is especially efficient, using half as much energy on average than other electric home-heating sources.

There's actually a very simple explanation for this result: Heat pumps only have to move heat, instead of generating it by combusting a fuel source. Even the most efficient gas-powered furnace or boiler never converts 100% of its fuel into heat; it’s always going to lose something in the conversion process. 

A good electric-resistance heater gives you 100% efficiency, but it still has to burn watts to produce that heat, whereas a heat pump just moves the heat. A heat pump can save you, on average, nearly $1,000 (6,200 kWh) a year compared with oil heat, or about $500 (3,000 kWh) compared with electrical heating, according to the US Department of Energy.

In 2023 heat pump rebates went through the roof maxing out at 1400$ rebate which is huge in comparison to 96% furnace getting 200$ rebate. The reason for that, is the industry slowly moving to more efficient electric heating and cooling then gas, so companies like COMED encourage their clients by offering these rebates, as well as you save significantly on your energy bills.

The sooner you transition to heat pump - the more savings you will get. While you get huge rebates from electric companies, manufacturing companies keep increasing prices on them since the demand is so high due to it’s great efficiency.

On top of that, heat pumps prolong the lifespan of the furnace, since heat pumps can generate heat until certain temperature, furnaces workload gets reduced and the gas consumption also gets reduced providing you savings.