{
 "utility": "Homer Electric Assn Inc",
 "utility_legal_name": "Homer Electric Assn Inc",
 "eia_id": 19558,
 "state": "AK",
 "state_name": "Alaska",
 "url": "https://meterwise.app/ak/homer-electric-assn-inc/heat-pump-vs-furnace/",
 "markdown_url": "https://meterwise.app/ak/homer-electric-assn-inc/heat-pump-vs-furnace/index.md",
 "json_url": "https://meterwise.app/data/v1/utilities/ak/homer-electric-assn-inc.json",
 "json_path": "data/v1/utilities/ak/homer-electric-assn-inc.json",
 "updated": "2026-11-10",
 "zip_codes_served": 11,
 "quick_answer": "As of November 2026, for a typical 1,800 sq ft gas-heated home on Homer Electric Assn Inc electricity rates in Alaska that needs a new furnace and AC: Replacing like-for-like with a new furnace and AC comes out ahead here even with a low heat pump quote: a high-efficiency cold-climate heat pump would cost about $710 a year more to run, not enough to cover its installed cost.",
 "verdict": "like-for-like ahead at any quote",
 "verdict_code": "never",
 "assumptions": {
  "floor_area_sqft": 1800,
  "insulation": "average",
  "scenario": "furnace and AC both need replacing",
  "heating_fuel": "gas",
  "lifetime_years": 15
 },
 "electricity": {
  "price_per_kwh_typical_bill": 0.2979,
  "winter_extra_kwh_price": 0.2794,
  "state_average_per_kwh": 0.2714,
  "vs_state_average_pct": 10,
  "source": "utility average price (EIA)",
  "tariff": null,
  "tariff_effective": null,
  "note": "Electricity: Homer Electric Assn Inc's average residential price in AK (EIA), $0.298/kWh; the winter price of extra kWh is estimated at $0.279/kWh. Enter your own rate for a closer answer."
 },
 "climate": {
  "station": "Homer 8 Nw",
  "heating_degree_days": 10107,
  "cooling_degree_days": 1,
  "normals": "NOAA 1991-2020"
 },
 "heating_fuel": {
  "default": "gas",
  "price_per_therm_gas": 1.255,
  "local_mix": {
   "electric": 0.075,
   "gas": 0.569,
   "oil": 0.217,
   "other": 0.104,
   "propane": 0.035
  }
 },
 "heat_pump": {
  "option": "High-efficiency cold-climate heat pump",
  "annual_saving_vs_like_for_like": -708,
  "break_even_quote_gap": -10621
 },
 "options": [
  {
   "id": "like",
   "option": "New gas furnace + new AC",
   "installed_typical": 13053,
   "installed_low": 10215,
   "installed_high": 15890,
   "rebates": 0,
   "energy_cost_per_year": 1541,
   "electricity_kwh_per_year": 1147,
   "fuel_per_year": "965 therms",
   "total_15_years": 36166
  },
  {
   "id": "hp",
   "option": "Heat pump (replaces both)",
   "installed_typical": 13053,
   "installed_low": 9080,
   "installed_high": 17025,
   "rebates": 0,
   "energy_cost_per_year": 3139,
   "electricity_kwh_per_year": 10997,
   "fuel_per_year": null,
   "total_15_years": 60131
  },
  {
   "id": "hp_cold",
   "option": "High-efficiency cold-climate heat pump",
   "installed_typical": 17025,
   "installed_low": 12485,
   "installed_high": 22700,
   "rebates": 0,
   "energy_cost_per_year": 2249,
   "electricity_kwh_per_year": 7855,
   "fuel_per_year": null,
   "total_15_years": 50759
  }
 ],
 "rebates_checked": false,
 "rebate_programs": [],
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "citation": "MeterWise, \"Heat pump vs. gas furnace and AC on Homer Electric Assn Inc rates (AK)\", updated 2026-11-10, https://meterwise.app/ak/homer-electric-assn-inc/heat-pump-vs-furnace/"
}