How Arkansas compares
Ranked by yearly saving against gas, Arkansas is 10th of 51. At U.S. average figures a heat pump saves $27 a year. Arkansas has the 9th cheapest residential electricity of the 50 states and DC at 14.33¢/kWh, 22% below the U.S. average of 18.31¢.
Winters here are mild, with an estimated 3,200 heating degree days a year, so the calculator uses a seasonal COP of 3.2: each kWh of electricity delivers 3.2 kWh of heat.
Against propane the heat pump saves $472 a year, against heating oil it saves $879 a year, and against electric baseboard heat it saves $707 a year.
| Heating now | Now, per year | Heat pump | Difference |
|---|---|---|---|
| Natural gas furnace | $490 | $321 | $168 |
| Propane furnace | $794 | $321 | $472 |
| Oil furnace | $1,200 | $321 | $879 |
| Electric baseboard | $1,028 | $321 | $707 |
Two of its six neighbors do better against gas: Oklahoma and Tennessee, led by Tennessee at $211 a year saved.
More for Arkansas
- EV charging cost in Arkansas vs gas: an EV saves $1,220 a year on fuel.
- Solar payback in Arkansas: a typical system pays back in 14.9 years.
What these numbers assume
- A heating load estimated from about 3,200 heating degree days a year: 288 therms of gas, 315 gallons of propane, 221 gallons of oil or 7,175 kWh of baseboard heat.
- Natural gas at $1.70/therm, the U.S. city average for September 2026. Gas prices vary a lot by state and utility, so enter the price per therm from your bill.
- Propane at $2.52 and heating oil at $5.43 a gallon, EIA forecasts for winter 2026–27.
- Furnaces 85% efficient (oil 80%), and a heat pump with a seasonal COP of 3.2.
- No federal tax credit: Section 25C ended for equipment placed in service after December 31, 2025.
Change any of them in the calculator above to match your own bills. The formulas are on the main heat pump calculator.
Sources
- Electricity price: EIA Electric Power Monthly, Table 5.6.A (July 2026 data).
- Natural gas: BLS U.S. city average, September 2026.
- Propane and heating oil: EIA Short-Term Energy Outlook winter forecast, October 2026.
- Heating degree days: MeterMath rounded estimate for the state.
- Tax credit status: Public Law 119-21.