MeterMath

Heat pump Florida

Heat pump vs gas heating cost in Florida

$26 a year saved by heating a typical Florida home with a heat pump instead of a gas furnace.

A typical home here burns about 50 therms of gas a year for heat, about $85 at the national average of $1.70/therm. A heat pump would use about 389 kWh instead, $59 at 15.03¢/kWh. Electricity would have to pass 21.8¢/kWh before gas became the cheaper way to heat.

Prices updated October 2026 from EIA, AAA and BLS data.

How you heat now
therms/yr
 
$/therm
 
¢/kWh
 
Efficiency, upfront cost and rebates
%
Older furnaces 78 to 80, new 90 to 97.
 
$
Heat pumps also replace your AC.
$
State, utility or HEAR rebates.

How Florida compares

Ranked by yearly saving against gas, Florida is 30th of 51. At U.S. average figures a heat pump saves $27 a year. Florida has the 15th cheapest residential electricity of the 50 states and DC, near the middle, at 15.03¢/kWh, 18% below the U.S. average of 18.31¢.

Florida has an estimated 500 heating degree days a year, so homes need very little heat and the calculator uses its minimum of 50 therms a year. The yearly dollars are small whichever way you heat.

Against propane the heat pump saves $80 a year, against heating oil it saves $148 a year, and against electric baseboard heat it saves $129 a year.

Heating nowNow, per yearHeat pumpDifference
Natural gas furnace$85$59$26
Propane furnace$139$59$80
Oil furnace$206$58$148
Electric baseboard$187$59$129

Every neighboring state does better against gas, led by Alabama at $99 a year saved.

StateElectricitySaving vs gas a year
Alabama16.40¢$99
Georgia16.27¢$98
Florida15.03¢$26

More for Florida

What these numbers assume

  • A heating load estimated from about 500 heating degree days a year: 50 therms of gas, 55 gallons of propane, 38 gallons of oil or 1,246 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.