$49 / month O.A.C Including Install
$49 / month O.A.C Including Install

Am I Saving Money Using a Heat Pump?

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Am I Saving Money Using a Heat Pump?

Posted On: November 25, 2023

Am I Saving Money Using a Heat Pump?

The cost-effectiveness of using a heat pump depends on various factors, including the climate in your region, the efficiency of the heat pump, and the cost of energy in your area. Here are some key points to consider when evaluating whether a heat pump is saving you money:


  1. Climate:


    • Heat pumps are generally more efficient in milder climates. They work by transferring heat between the indoor and outdoor environments, and their efficiency can decrease in extremely cold temperatures. In regions with moderate winters, heat pumps can be an energy-efficient heating option.
  2. Energy Efficiency:


    • The efficiency of a heat pump is measured by its Seasonal Energy Efficiency Ratio (SEER) for cooling and its Heating Seasonal Performance Factor (HSPF) for heating. Higher SEER and HSPF ratings indicate greater efficiency. Newer, more efficient heat pump models tend to be more cost-effective over time.
  3. Energy Costs:


    • Compare the cost of electricity in your area to the cost of other heating fuels, such as natural gas or heating oil. In some regions, electricity may be more or less expensive than other heating options, affecting the overall cost-effectiveness of a heat pump.
  4. Insulation and Home Efficiency:


    • A well-insulated and energy-efficient home will enhance the performance of a heat pump. Proper insulation and sealing of windows and doors reduce the workload on the heat pump, making it more economical.
  5. Size of the System:


    • Ensure that your heat pump is properly sized for your home. An oversized or undersized unit may not operate efficiently, potentially leading to increased energy consumption and higher costs.
  6. Maintenance:


    • Regular maintenance is crucial for maintaining the efficiency of a heat pump. Keeping the coils clean, checking refrigerant levels, and ensuring proper airflow contribute to optimal performance and energy savings.
  7. Supplemental Heating:


    • In extremely cold climates, some heat pump systems may require supplemental heating during the coldest days. This could involve the use of electric resistance heating or another heating source, which may increase overall operating costs.
  8. Incentives and Rebates:


    • Check for any available incentives, rebates, or tax credits for installing a heat pump. In some regions, governments offer financial incentives to encourage the use of energy-efficient heating systems.

To determine whether a heat pump is cost-effective for your specific situation, you may want to consult with a professional HVAC contractor. They can assess your home's characteristics, climate conditions, and energy costs to provide personalized advice on the most economical heating solution for your needs.



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See What Our Customers Are Saying:

by Jennifer in Toronto on Twintech Heating and Cooling

I had cold and hot spots all over my 70 yr old home. My furnace is quite new and Greg optimized the fan and furnace. The original installer just took it out of the box with factory settings and installed it- basically running at 50% of capacity. Greg also routed heat into my laundry room, yeah - so now I can renovate laundry room - thanks Greg. He is honest, professional and knowledgeable. I will be calling him back in the spring to optimize my AC as well.

by Happy Homeowner in Toronto on Twintech Heating and Cooling

Wonderful from beginning to end. I tend to fret and worry about home improvements but the excellent team at TwinTech put my mind as ease. They listen, they are patient and best of all ... the work they did is amazing! I chose the Goodman 80K BTU 2 stage furnace and the matching Goodman air conditioner. Greg, Grant and Poitr "Peter" arrived on time, took great care, explained everything to me and they answered all of my questions. They carefully adjusted the factory settings to optimize the furnace for my house and they also checked the duct work in the basement. Dave, the Sales Manager, came by to say "hello" and to see if I was happy. YES, I am happy with the work! The furnace is very quiet. I have it running on low just to circulate the air in the house and it's so much quieter than my old furnace. When I need new duct work for an upcoming basement renovation TwinTech will be my first choice. I highly recommend TwinTech. PS. They were even nice to my dogs.

by Les G. from Pickering on Twintech Heating and Cooling

Greg was prompt on the scheduled day of installation and the work was done well within the time estimated beforehand. Installation was neat and the equipment and scope of work was as specified in the quote. One item I must point out is that we were faced with a "No Heat" situation the day before the scheduled installation and Greg came out to address it free of charge. Not only that, but he also corrected an installation fault with our smart thermostat that was not part of the original job, again free of charge.

by one19 in North york on Twintech Heating and Cooling

Greg came by to do a routine furnace checkup. He was very knowledgeable and professional, letting me know what's being checked/adjusted and giving me tips to ensure everything runs smooth. Very honest and upfront about what's working fine vs. what may need to be fixed/replaced. He didn't attempt to up sell anything that wasn't necessary. I'm glad to have finally found someone I can trust and rely on for all my HVAC needs - furnace, A/C, and hot water tank.

by Paul M. from Toronto on Twintech Heating and Cooling

I'm very happy with the work that was done. Everyone from salesperson to the installers were friendly and professional. They were on time and cleaned up the job site after it was installed. They also answered all my follow up questions promptly. I wouldn't hesitate to work with them or recommend them again.

by Kathy D.in Ajax on Twintech Heating and Cooling

Thanks to the team at Twin Tech for a great job installing my new heat pump/ac unit. The guys were very polite and professional. When they left you would never have known they had been there except for the new Mitsubishi unit on the wall!! would highly recommend the Twin Tech team.

by varga p. in Pickering on Twintech Heating and Cooling

Installed professionally, no delays, no rework needed. Very reliable contractor and sales person. Also installed BBQ gas line and some duct work.

by Private User on Twintech Heating and Cooling

Greg and Grant are friendly, reliable, and knowledgeable HVAC professionals. The twins, Dave and the entire team provided efficient top quality service. Our family plns to use Twintech for all of our future HVAC needs.

by peter in Whitby on Twintech Heating and Cooling

Very impressed with this company. They show up on time , kept my place clean and after they left it looks like they were never there. Very professional team. Those people know what they doing . Their installation was on the highest standard. They are very knowledgeable especially they're worker Peter. I strongly recommend this company to everybody. After the installation I receive the call making sure I'm satisfied with their products and their job. Bravo!!!

by James in Bowmanville on Twintech Heating and Cooling

Greg and his brother were referred to us by a friend. They arrived when they said they would, did an exceptional job and left the place as tidy or tidier then they found it. Their professionalism is only surpassed by their kind and friendly demeanor. Even after several calls to help me with my high tech thermostat I feel that I could always call with any concern (No one responds to my texts as quickly as Greg) and have a friendly helpful response. I found out their grandfather started the company and now as a 3rd generation company, they are doing their grandfather proud. I would highly recommend Twintech over any other hvac company out there.

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See What Our Customers Are Saying:

by Robert Rogers on Twintech Heating and Cooling

Very pleased with the professional service that TwinTech Heating and Cooling provided in replacing my furnace. I got several quotes from different service providers. Their price was excellent and they explained the features very well. We are very glad we went with TwinTech and highly recommend their services.

by Robert Mizuno on Twintech Heating and Cooling

We were new homeowners in need of a second opinion. TwinTech Heating & Cooling were Amazing and professional. Very knowledgeable and great service all around. Recommend to anyone looking for honest and reliable services. Treated with respect and care. Thank you Greg, Mitch and Bob!

by Ruth on Twintech Heating and Cooling

TwinTech is an excellent and honest company! I called them for a second opinion after being told by another company that I needed to replace my furnace. Turns out this was not the case at all! I did not need a new furnace. TwinTech did not push to make an unnecessary sale and saved me from a huge expense. Bob and Mitch were extremely professional and above all honest! I definitely recommend TwinTech!

by Anna Chin on Twintech Heating and Cooling

Amazing experience with TwinTech Heating & Cooling! Their team was professional, knowledgeable, and efficient from start to finish. They installed my new furnace quickly and left everything spotless. The technicians took the time to explain everything and made sure I was comfortable with the system before they left. Great customer service and fair pricing. I highly recommend them for anyone needing HVAC services!

by Connor Agnew on Twintech Heating and Cooling

Great experience all around. Bob was sharp and easy to talk to, and Greg handled the installation perfectly. Would hire them again in a heartbeat.

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