Heat pump vs. furnace in Alaska by electric utility
The answer depends on your electric utility. Pick yours to see the numbers for your rates, your weather and the rebates you can get.
Average electricity
27.1¢/kWh
Alaska residential, last 12 months
Winter gas
$1.26/therm
Nov–Mar average (EIA)
Utilities covered
5
Heat pump ahead at any quote for 2
Statewide rebates
Not checked yet
Numbers leave rebates out
What to know about the Alaska numbers
- Rebates not checked yet. We haven't checked heat pump rebates in Alaska yet, so the numbers here leave them out. Utility and state programs can take thousands off a heat pump, so ask your utility and your contractor what's available.
- Mostly average prices. Only 0% of Alaska ZIP codes here are priced on a current utility tariff. The rest use the utility's average price from the U.S. Energy Information Administration, which is about two years old and doesn't show tiers, so the winter price of extra kWh is estimated. Enter the rate from a recent bill for a closer answer.
- Remote areas not covered. Pages cover the larger utilities around Anchorage, the Mat-Su Valley, Fairbanks, the Kenai Peninsula and parts of Southeast Alaska. Many rural communities have no weather data in our sources and very different fuel and power prices, and very cold places need a heat pump sized and chosen for that climate.
- Regional fuel prices. EIA doesn't publish a Alaska price for every fuel: propane uses the national average and heating oil uses the national average. Enter your own price if you heat with it.
5 utilities
-
Matanuska Electric Assn Inc
23.4¢/kWh-14% vs. stateLike-for-like ahead -
Golden Valley Elec Assn Inc
30.3¢/kWh+12% vs. stateHeat pump ahead -
Chugach Electric Assn Inc
21.2¢/kWh-22% vs. stateLike-for-like ahead -
Alaska Power and Telephone Co
37.2¢/kWh+37% vs. stateHeat pump ahead -
Homer Electric Assn Inc
29.8¢/kWh+10% vs. stateLike-for-like ahead
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