# Is a heat pump worth it in Alaska? Compare by electric utility

> As of November 2026: of 5 Alaska electric utilities, a heat pump comes out ahead at any quote for 2,
> it depends on quotes for 0, and like-for-like comes out ahead for 3
> (typical 1,800 sq ft home replacing both furnace and AC).

- Alaska average residential electricity: 27.1¢/kWh (EIA, last 12 months)
- Winter gas: $1.26/therm (EIA, Nov–Mar)
- Interactive page: https://meterwise.app/ak/

## 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.

## Utilities

"Heat pump vs. furnace + AC" is the heat pump's yearly running cost difference (− = cheaper to run).

| Utility | Price/kWh | vs. state | Default fuel | Heat pump vs. furnace + AC | Verdict |
|---|---|---|---|---|---|
| [Matanuska Electric Assn Inc](https://meterwise.app/ak/matanuska-electric-assn-inc/heat-pump-vs-furnace/index.md) | 23.4¢ | -14% | gas | +$420 | like-for-like ahead at any quote |
| [Golden Valley Elec Assn Inc](https://meterwise.app/ak/golden-valley-elec-assn-inc/heat-pump-vs-furnace/index.md) | 30.3¢ | +12% | heating oil | −$1,680 | heat pump ahead at any quote |
| [Chugach Electric Assn Inc](https://meterwise.app/ak/chugach-electric-assn-inc/heat-pump-vs-furnace/index.md) | 21.2¢ | -22% | gas | +$250 | like-for-like ahead at any quote |
| [Alaska Power and Telephone Co](https://meterwise.app/ak/alaska-power-and-telephone-co/heat-pump-vs-furnace/index.md) | 37.2¢ | +37% | heating oil | −$1,920 | heat pump ahead at any quote |
| [Homer Electric Assn Inc](https://meterwise.app/ak/homer-electric-assn-inc/heat-pump-vs-furnace/index.md) | 29.8¢ | +10% | gas | +$710 | like-for-like ahead at any quote |

Data: https://meterwise.app/data/v1/utilities.json · Method: https://meterwise.app/about/index.md