this post was submitted on 12 Sep 2023
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Maybe someone can help me answer this question as I'll be replacing my old furnace in the near future and am curious about the heat pump systems.
Studies like this are only looking at efficiency and not total energy usage or heating capacity so how do you compare apples to apples? A high efficiency forced-air furnace using natural gas is something like 95% efficient, and a heat pump can be something like 150%-200% (because you're moving the heat instead of creating it), but the total output capacity matters as well as the efficiency of generating and transmitting the electricity. Also, I don't think the power needed to run the fans gets factored in from what I can tell and I expect a heat pump system to need fans running far more often and for longer. Since heat is constantly being lost to outside then whichever can work faster might have an advantage keeping ahead of that entropy too...
I'm living in a climate considered "extreme cold" in this study btw. Best I've been able to figure out, a gas furnace is still much cheaper to install/operate (it's pretty cheap here) but is also still be better for the environment as my electricity tends to be generated primarily from natural gas and coal (at an efficiency lower than a natural gas furnace does).
For sure look into any subsidies available to you and see if they make a dual fuel system feasible. In your situation if you buy a high efficiency furnace, it may never make economic sense to run the heat pump, but things could always change and it's a simple enough task to find your break even (economic balance) point when fuel prices change. My current break even point is well beyond the temperature you would consider running heat, but I still run my heat pump in the shoulder seasons to exercise it.