Heat-Pump Savings Calculator
Compare your current annual heating cost with a heat-pump operating-cost scenario.
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Adjust the inputs below. Your estimate updates instantly.
Check the assumptions before comparing systems.
Use actual annual heating bills and request a contractor or energy-advisor calculation using local electricity and fuel rates, cold-weather performance, backup heating, equipment sizing and installation costs. This result estimates annual operating savings only; it cannot decide whether the installation pays for itself.
Read the operating-cost methodology →Why your actual heat-pump savings can differ
Natural Resources Canada notes that heat-pump economics depend on climate, the efficiency and fuel of the system being replaced, equipment sizing, electricity prices and operating strategy. This calculator is therefore a scenario tool: change the current annual heating cost and efficiency assumptions to see how sensitive the result is rather than treating one output as a guaranteed bill reduction.
Important model limit: this is a simplified percentage-based scenario, not a COP, HSPF/SCOP, hourly weather or tariff simulation. It does not ask for actual fuel prices, household heat demand or backup-system usage. Its built-in scenarios assume lower heat-pump operating costs, so it cannot model situations where switching increases the energy bill. Do not treat a positive savings output as a guarantee.
Before buying equipment, confirm sizing and cold-weather performance with a qualified contractor or energy advisor and check current utility rates and incentives for your location.
Official reference: Natural Resources Canada — heating and cooling with a heat pump ↗.
Planning the next step?
Read our Heat Pump vs Gas Furnace in Canada: Compare Running Costs guide for scope, assumptions, risks and the questions to ask before obtaining a quote.