Canada: heat pump vs gas furnace running costs
Real unit rates, compared per 100 kWh of heat delivered — compiled August 2026. Confidence: Weaker.
A heat pump costs about 7% less per 100 kWh of heat delivered at today’s rates.
Heat pump: COP 3.0 (typical modern unit) at C$0.14/kWh electricity. Gas furnace: 90% efficiency at C$0.045/kWh-equivalent fuel. Source: NRCan Air-Source Heat Pump Sizing and Selection Guide (typical COP); Ontario-representative rates — Canada’s gas/electricity prices vary enormously by province (Quebec electricity ~7c/kWh vs Alberta ~16.5c/kWh), so treat this as illustrative only, not a single national truth
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