As living expenses continue to rise, many homeowners are searching for ways to reduce their heating bills. An increasingly popular approach is the electric heat pump. In addition to lowering your energy costs, this energy-efficient technology is good for the environment.
Here are five key things to know about heat pumps.
They can save you thousands
You may reduce your heating costs right away by installing an electric heat pump. For instance, you may save anywhere from $1,500 to $4,500 a year by replacing your detached home’s mid-efficiency oil boiler or furnace with a heat pump.
They work in even the coldest climates
Heat pumps are made to withstand Canada’s severe winters, despite the common misconception that they are only meant for milder climates. A heat pump can keep your house warm in a deep freeze or mild cold, with some models even functioning well at temperatures as low as -30 degrees Celsius.
They double as an air conditioner
Were you aware that they aren’t limited to the winter season? In the summer, this dual-purpose system can help keep your house cool. A heat pump eliminates the need for a separate air conditioner by moving heat outside of your home, resulting in a comfortable indoor climate all year long.
They can help lower your home’s carbon footprint
Did you know that 99 percent of residential emissions come from space and water heating, and that buildings are the third-largest source of greenhouse gas emissions in Canada? The carbon footprint of your house can be considerably decreased with an electric heat pump.
They’re more affordable than you think
Concerned about the up-front costs? Financial aid is provided via programs such as the Oil to Heat Pump Affordability effort to assist homeowners with low to medium incomes in making the switch. Heat pumps are now a possibility for more families thanks to additional incentives offered by numerous provinces, territories, and municipalities.
Learn more about heat pumps at: https://newscanada.com/en/5-things-homeowners-should-know-about-heat-pumps-140102
Reference: https://newscanada.com/
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