An Analysis of the Financial and Climate Benefits of Electrifying Ontario's Gas-Heated Homes by Installing Air-Source Heat Pumps
Benefits of Air-Source Heat Pumps in Ontario Homes
Ontario homeowners are increasingly concerned about rising costs of living and are also looking for ways to play a role in addressing climate change. Heat pumps for space heating and cooling and for water heating are ideal solutions. Indeed, heat pumps are emerging as the recommended climate solution for residential buildings, and
they can also save a homeowner thousands of dollars over the equipment’s lifetimes when compared to heating systems that use methane (a.k.a., natural) gas. It is time to consider heat pumps to replace aging space and water heating equipment.
This report models the utility bill savings and greenhouse gas savings that are possible for homes that transition to heat pump systems when their gas furnace is at its end of life. The spreadsheet model used in this analysis is available for download on the Ontario Clean Air Alliance website. Users can change the modelling assumptions and inputs such as the heating loads, heating system efficiencies, installation dates, and they can also model the impacts for select Ontario cities.
they can also save a homeowner thousands of dollars over the equipment’s lifetimes when compared to heating systems that use methane (a.k.a., natural) gas. It is time to consider heat pumps to replace aging space and water heating equipment.
This report models the utility bill savings and greenhouse gas savings that are possible for homes that transition to heat pump systems when their gas furnace is at its end of life. The spreadsheet model used in this analysis is available for download on the Ontario Clean Air Alliance website. Users can change the modelling assumptions and inputs such as the heating loads, heating system efficiencies, installation dates, and they can also model the impacts for select Ontario cities.
This report was prepared for Ontario's Clean Air Alliance Research.