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Is a Heat Pump a Good Choice for your Home?

This calculator provides an estimate of the energy savings you might achieve by switching from your current heating system to a heat pump. The estimated savings are based on the details you’ve shared about your current energy bill. While heat pumps are generally more efficient than many other heating systems and can often provide the same level of heat at a lower cost, the actual savings may vary depending on your specific circumstances.

Please note that this calculator uses our current electric heat rate, which is subject to change. For the most accurate and up-to-date information, we encourage you to contact our office directly at 712-659-3649.

Select Current Heating System
Estimated Monthly Other Bill
For:
Select Air Conditioning System
Estimated Monthly Electric Bill
For:
Home Insulation Levels
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New Heat Pump Options
Estimated Installed Cost
Estimated Tax Credit*
Estimated Total Cost
Estimated Annual Savings
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Current Heating Cost*
Current Heating / Cooling Cost*
Current Heating / Cooling Cost*

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Heat Pump
Operating Cost*

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Estimated Annual Savings
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Estimated carbon emission reduction

Estimated Carbon Reduction
No Reduction
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Estimated Carbon Reduction
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Estimated Carbon Reduction
No Reduction
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Year-over-Year Bill Comparison
While your estimated results may include considerable monthly electric bill savings, it is important to remember that the upfront cost of Heat Pump equipment and installation is significant, whether purchased with cash or financed through a loan. Note: These results can be adjusted to estimate future inflation scenarios using the input field below (Est. Annual Electricity Price Increase).
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*Consumers may qualify for a Federal Tax Credit for qualified products and installations. This is a "credit" taxpayers may receive on their federal tax return. Be sure to consult with a tax professional to determine if you may qualify.

**RVEC is offering a variety of heat pump rebates for qualified installations. Restrictions apply. Program is subject to change without notice. Be sure to contact the cooperative prior to making a purchase to confirm eligibility and to ensure funds are still available.