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  1. #14
    Join Date
    May 2008
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    Thread Starter
    Wow. Now that's definitely something to chew over. 20% cheaper than a 90% eff furnace. That's significant. Thank you very much.

  2. #15
    Join Date
    Aug 2004
    North Richland Hills, Texas
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    Quote Originally Posted by ronscottf View Post
    Electric rates:
    TOTAL KWH CHARGE 0.079614$ (first 600) 0.097422$ (over 600) Per kWh

    $0.142/kwh here.

    Gas rates:
    1.086690$ Per Therm
    If I just look at the Consumption charge and the rider charge, the only 2 parts of the bill based on my actual usage, I pay about $1.02/therm.

    In my area, heat pumps make no sense at all if you have gas.

    If the cost relationship between your cost for electricity and gas holds out, a heat pump, with gas backup for those really cold times, makes sense. As someone else pointed out, you would get a bonus of having AC for those hot muggy times.

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