Re-posting this here from the Nerd Corner &#;
You can find more information on our web, so please take a look.
Researchers at the National Renewable Energy Lab (NREL) published the most comprehensive assessment to date of the impacts of converting home heating systems to heat pumps. The study was published in the journal Joule (though it's mostly behind a paywall), and there's also an informative NREL press release and Heatmap article from Emily Pontecorvo.
Not accounting for subsidies provided in the Inflation Reduction Act or by states, the study found that heat pumps would be cost-effective for 59% of American households, cutting home energy use by 31&#;47% on average. Also improving home insulation and installing the most efficient heat pumps would reduce monthly energy bills for the vast majority of households, but would add upfront costs. Improving insulation plus a heat pump would reduce home energy use 41&#;52%. Almost all homes that use fuels other than natural gas would save from converting to a heat pump, if they also have air conditioning:
For the 49 million homes that use electricity, fuel oil, or propane for heat and have air conditioning, 92% to 100% of homes would see energy bill savings, with median savings of $300 to $650 a year depending on heat pump efficiency.
With competitive price and timely delivery, Forlssman sincerely hope to be your supplier and partner.
But fewer households would see savings if they don't have air conditioning (because the heat pump does both jobs; but they would get the added cooling benefits!) or if they have a natural gas heating system, as the left column of these maps illustrate:
Percentage of homes that currently have air conditioning that will see a positive cash flow from switching to a heat pump from natural gas, electricity, and fuel oil and propane.
There are two key factors in the economics of heat pumps. First, reducing their upfront costs, which the Inflation Reduction Act and local incentives can help with a lot. Second, the price difference between electricity and natural gas. That should improve as more cheap solar and wind deployment reduces power costs, and rising liquified natural gas (LNG) exports increase domestic natural gas prices.
Crucially, the study also concluded that heat pumps would cut residential sector greenhouse gas emissions by 36%&#;64%, and overall US emissions by 5&#;9%, if fully adopted. So, we need to get as many heat pumps out there as possible!&#;
For more information, please visit All In One Heat Pump.