Is a Heat Pump cheaper to operate? TRUTH REVEALED🔥

I find my utility bill to be indecipherable, but 50-75% of the bill is for fixed costs such as connection fees, right of way fees, municipal fees, administration fees, and carbon taxes. That's over $1200/yr. Unfortunately, the math for switching to electric heating didn't make sense at the time unless I went solar. I've insulated and replaced the windows since then, so I'll rerun the numbers when it's time to replace my HVAC and HWT.

If you use the economic balance point app it will tell you at what outdoor temperature it is more efficient for natural gas. For me,, 41° last I checked. This factored my cost per therm, cost per kw and the cop of a 18seer 2 stage unitary heatpump

For the Canadian people 1 GJ = 9.478 therms. I broke down my cost in Alberta Canada and my Changeover COP is 2.82, meaning my Amana S Enhanced (Daikin Fit) system is best to change over at 38F since it’s COP is 2.92 COP at 38F.

4.975. So I'd need a COP of at least 5 have any chance of breaking even, but I doubt even that would do the trick, since heat pump COP ratings are calculated at relatively mild outside temperatures and get lower as outside temperatures drop. I think I'll keep my 95% efficient modulating, condensing gas boiler for a while longer. :)

I've had my 9000 watts of grid tied solar since 2015. I'm in Alberta just North of Montana. We get minus 40 here. Last fall I bought a 12,000 BTU mini-split with Solar DC assist. It came with 1,320 watts of PV panels. It drove me nuts when I didn't need heating or cooling. The solar was going nowhere. So I bought an Ecoflow Delta Pro and two extra batteries. I run a full sized fridge, entertainment center and security DVR from the Delta Pro. My daily net usage went from around 12 kWh per day down to 3.6 kWh per day, this was for March. During the summer I will be able to run the heat-pump for cooling from my Ecoflow after sunset. By the way, my heat pump stops heating at minus 29C lol. Our Prime minister thinks we can heat with heat-pumps. He has no Clue what a prairie winter is like. On a day like today where the temps are hovering around the freezing point. I kept nice and toasty running the heat-pump 100% from solar.

Used the formula, came up with 3.4471. What the heck does that mean? You didn’t explain.

I did not hear an answer to the question you posed in the title of the video. I was expecting something along the lines of "Yes, if your electricity rates are low enough and your natural gas or propane costs are high enough." I think you alluded to that, but I'm not really sure, because you made no conclusive statements at any point in the video. Throwing both solar AND EV charging into the mix might have made sense to you, but I positively assure you that it only muddied the waters for 90% of your viewers, most of whom are now even more confused about the economics of a heat pump. That's pretty frustrating, given how simple this topic could have been, if you'd stayed on point.

No Dope! Drugs Kill!

You provide a huge amount of information in your videos. However, you speak much too quickly, you don’t transition from nor connect one topic to another very well, you overwhelm your listeners with with technical knowledge and you say “the bottom line is” when you’re nowhere near a summary. I don’t doubt you know what you are talking about but I don’t get the idea that you can impart your knowledge in a way and at a rate at which I can benefit or understand well. I’ll keep watching and maybe it will get clearer but you have some work to do on producing good videos.

A lot of noise but no clear cut information; make it too complicated with too much info at once.