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What Would Happen if Every American Got a Heat Pump
(www.wired.com)
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this post was submitted on 23 Feb 2024
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What you're missing is that heat pumps move heat, instead of just turning electricity into heat. How efficient they are at this varies by heat pump, and by outside temperature. During extreme cold, you might really spend more, but the rest of the year, you end up moving 3-5 kwh of heat for each kwh you consume, so your overall bill over the course of a year ends up being lower.