3 Ways Switching to a Heat Pump Can Save You Money

All homeowners are responsible for maintaining and upgrading their home heating and
cooling systems as needed, and there are many options from which to choose. In the past
many homeowners opted to have heating only, because the costs of installing a separate
cooling system proved to be too much. With the modern advances in home maintenance
systems, homeowners now have the ability to purchase one cost-effective solution to heat and
cool their home year-round: a heat pump. Below are just a few ways switching to a heat pump
can save homeowners money.

What Is a Heat Pump?

Heat pumps, also called air source heat pumps, are a central air heating and cooling system
that brings in outside air to regulate the temperature inside the home, and come equipped with
a thermostat, according to the Eugene Water & Electric Board. If your heat pump is on the fritz, contact a heat pump repair company immediately before the damage gets worse. You may hire a heating contractor to fully inspect your heating system to determine if there are any parts that need to be repaired or replaced.

One System Provides Heating And Cooling

Contrary to its name, a heat pump provides both heating and cooling. This means that
homeowners have fewer home maintenance systems to take care of, and that those who
consider air conditioning to be an optional convenience can gain access to AC without
breaking the bank. Heating maintenance cost in Colorado Springs can be found on this website. While heat pumps provide both heating and cooling, they may not be an
effective a source of heat for temperatures below 32°F.

Those who live in cooler climates often get electric space heaters, a fireplace, gas
furnaces or a water heater installation to complement their heat pump. Even with the addition of a gas furnace, the
installation cost averages far less than installing individual heating and air conditioning units
separately. This makes heat pumps an affordable option for those who have only a handful of
days each summer where they would utilize air conditioning, as well as those who require air
conditioning year-round. If you’re having heat pump troubles, you can seek professional help from a heat pump repair company that can provide efficient and affordable services.

Heat Pumps: More Energy Efficient

The energy efficiency within the heat pump industry has increased drastically over the last
few decades, and heat pumps are also more energy efficient when compared to most other
heating and cooling options. This infographic from Washington Energy Services shows most
homeowners find a 30 to 40 percent reduction in the amount of electricity used when they
make the switch to a heat pump—even if the previous system was designed to be energy
efficient.

Superior Life Span

Home mechanical systems are necessary for day-to-day life, meaning that it is not optional to
delay repairing them or put off replacing them when they fail. Although heat pumps are used
year-round, their average life span is 12 to 15 years, according to Mark Huffman writing for
Consumer Alerts. This is comparable to the average lifespan of a solo air-conditioning unit,
which is only used during warmer months, meaning that a heat pump can be in active use for
nearly twice as long.

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