That is precisely why im not planning to install a heatpump until i have rooftop solar.
Here in Bay Area my gas furnace is generally off late March through late october and while gas costs have gone up over the years, electricity easily goes up 10% year over year. We are currently in $0.43 per kwh territory OFF-PEAK. This is nearly 3 times the average rate in the United States.
I wont be investing $$$ in heatpumps until i spend $$$$ on solar panels and that wont happen till i replace my roof in a few years.
PS. this is why buying a hybrid a few years ago instead of buying an electric was a good call. Our gas prices stayed pretty much the same, while our electricity is up 30% since that time.
Here in Bay Area my gas furnace is generally off late March through late october and while gas costs have gone up over the years, electricity easily goes up 10% year over year. We are currently in $0.43 per kwh territory OFF-PEAK. This is nearly 3 times the average rate in the United States.
I wont be investing $$$ in heatpumps until i spend $$$$ on solar panels and that wont happen till i replace my roof in a few years.
PS. this is why buying a hybrid a few years ago instead of buying an electric was a good call. Our gas prices stayed pretty much the same, while our electricity is up 30% since that time.