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

Will a Heat Pump Save You Money?

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Will a Heat Pump Save You Money?

Posted On: January 29, 2024

Will a Heat Pump Save You Money?

Whether a heat pump will save you money depends on various factors including your location, energy prices, the efficiency of your current heating system, and the efficiency of the heat pump itself.


Here are some considerations:


Efficiency of Heat Pump: Heat pumps are generally more efficient than traditional heating systems like electric furnaces or baseboard heaters.


They work by transferring heat rather than generating it, so they can provide the same amount of heating using less energy.


Climate: Heat pumps are most efficient in moderate climates.


They extract heat from the outside air (air-source heat pumps) or from the ground (ground-source or geothermal heat pumps).


In very cold climates, air-source heat pumps may become less efficient, but ground-source heat pumps can still operate efficiently.


Energy Prices: Compare the cost of electricity (which powers heat pumps) to the cost of the fuel your current heating system uses (e.g., natural gas, oil).


In some areas, electricity is cheaper than other fuels, making heat pumps a cost-effective option.


Existing Heating System Efficiency: If you're replacing an old, inefficient heating system with a heat pump, you're likely to see significant savings on your energy bills.


Installation Costs: Heat pumps can have higher upfront costs compared to traditional heating systems.


However, there may be rebates, incentives, or tax credits available that can offset some of these costs.


Maintenance Costs: Heat pumps generally require less maintenance than traditional heating systems, which can result in long-term savings.


Lifestyle Factors: Your heating habits and lifestyle can also impact the potential savings with a heat pump.


For example, if you frequently adjust the temperature in your home or if you're away often, a programmable or smart thermostat can enhance the efficiency of a heat pump and help save money.


Before deciding on a heat pump, it's essential to conduct a thorough analysis of your specific situation, including the factors mentioned above, to determine whether it will save you money in the long run.


Consulting with a heating and cooling professional can also provide valuable insights tailored to your home and climate.



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See What Our Customers Are Saying:

by Private User on Twintech Heating and Cooling

Twintech promptly responded to request for quotation. They were thorough and helpful in explaining options. The quote was very competitive. Installation of new furnace was very professionally completed. Excellent work.

by Rita, Scarborough on Twintech Heating and Cooling

When our old oil furnace finally broke down we decided it was time to finally convert to natural gas and finally install central air conditioning at the same time. Knowing it was going to be a significant investment for us, we wanted to make the right choice. Twintech came highly recommended by a friend and we were not disappointed. From the first contact with the salesperson, until the final touches on the installation, we were so pleased with their service. Everyone from the company was so friendly, efficient and a pleasure to deal with. Best of all, the cost was very competitive. We would certainly recommend Twintech to anyone requiring HVAC work in their home.

by Bob S, Pickering on Twintech Heating and Cooling

Mitch from Twintech came out for our annual furnace inspection. We found him to be friendly, conscientious & he left the work area clean. We were also very impressed with the thoroughness of the job he did. This is the 2nd job we’ve had Twintech do for us & have been very happy with the results for each. We highly recommend this company. Thank you, Mitch, Dave & Greg.

by Brent L on Twintech Heating and Cooling

Work was done on schedule, professionally, according to quote and with minimal inconvenience to building users. Very happy with the end result. The only area for improvement from my experience - need more timely quoting process.

by Karen on Twintech Heating and Cooling

The team was great! Very knowledgeable, professional and extremely helpful. A few days after install the unit didn’t seem to be working, user error, but within minutes of contacting them..on a Saturday.. a tech was on the phone troubleshooting with us. I highly recommend Twintech for your cooling or heating needs. They stand by their products and a pleasure to deal with.

by Rob on Twintech Heating and Cooling

During the hottest week in the summer our old A/C decided to call it quits. I called Twintech Heating & Cooling after receiving a referral from a family member; came highly rated for being an honest, family-run business, who appreciates their customers. Dave was able to accommodate my hectic schedule and book a late evening appointment to walk through the specifics. Greg and Mitch arrived exactly on time a few days later, were very polite and friendly, and within a couple of hours had a new unit up and running. I also received a follow-up call to ensure we were happy with the Amana.

by Linda Robinson on Twintech Heating and Cooling

They were on time and very professional. I'm so glad I decided to go with Twintech, thanks!

by Famcam1953 on Twintech Heating and Cooling

Timely and appreciated - this was during the hottest days this year when our Air and Furnace way.
Efficient. Professional. No BS or overselling. What was promised, was delivered at a cost-effective price point.
Down to earth.

by DG Sellers on Twintech Heating and Cooling

Professionally done and took care to cover all entry floors to the house for the installers to remove the old furnace and install a new furnace.
I also made recommendations of the tankless water heater that we had installed and items to address. We did not know they also installed tankless water heaters.

by Bill, Pickering on Twintech Heating and Cooling

Price was not the cheapest nor the most expensive of my quotes. It's the quality of the installation that makes for a good AC system. The twins' knowledge & professionalism was evident in the small details:
Very clean work. Greg made sure that the refrigerant level & temperature were correct. They reinstall the insulation & vapor barrier around the wall. The outside electrical cords were secured to the wall. Proud to support this local company. Thank you.

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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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We purchased a new Mitsubishi H2i heat pump in Dec 2021, but quickly discovered that it was undersized for our home.We brought in a new HVAC company and replaced it after 6 months of use with a larger unit.We now have the old unit in our garage and w

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