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