{
 "utility": "Upper Peninsula Power Company",
 "utility_legal_name": "Upper Peninsula Power Company",
 "eia_id": 19578,
 "state": "MI",
 "state_name": "Michigan",
 "url": "https://meterwise.app/mi/upper-peninsula-power-company/heat-pump-vs-furnace/",
 "markdown_url": "https://meterwise.app/mi/upper-peninsula-power-company/heat-pump-vs-furnace/index.md",
 "json_url": "https://meterwise.app/data/v1/utilities/mi/upper-peninsula-power-company.json",
 "json_path": "data/v1/utilities/mi/upper-peninsula-power-company.json",
 "updated": "2026-11-10",
 "zip_codes_served": 77,
 "quick_answer": "As of November 2026, for a typical 1,800 sq ft gas-heated home on Upper Peninsula Power Company electricity rates in Michigan 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 $720 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": 0.2764,
  "winter_extra_kwh_price": 0.2536,
  "state_average_per_kwh": 0.2119,
  "vs_state_average_pct": 30,
  "source": "utility average price (EIA)",
  "tariff": null,
  "tariff_effective": null,
  "note": "Electricity: Upper Peninsula Power Company's average residential price in MI (EIA), $0.276/kWh; the winter price of extra kWh is estimated at $0.254/kWh. Enter your own rate for a closer answer."
 },
 "climate": {
  "station": "Hancock Houghton CO AP",
  "heating_degree_days": 9013,
  "cooling_degree_days": 206,
  "normals": "NOAA 1991-2020"
 },
 "heating_fuel": {
  "default": "gas",
  "price_per_therm_gas": 1.029,
  "local_mix": {
   "electric": 0.099,
   "gas": 0.575,
   "oil": 0.024,
   "other": 0.088,
   "propane": 0.215
  }
 },
 "heat_pump": {
  "option": "High-efficiency cold-climate heat pump",
  "annual_saving_vs_like_for_like": -720,
  "break_even_quote_gap": -10806
 },
 "options": [
  {
   "id": "like",
   "option": "New gas furnace + new AC",
   "installed_typical": 11489,
   "installed_low": 8991,
   "installed_high": 13986,
   "rebates": 0,
   "energy_cost_per_year": 1213,
   "electricity_kwh_per_year": 1245,
   "fuel_per_year": "861 therms",
   "total_15_years": 29691
  },
  {
   "id": "hp",
   "option": "Heat pump (replaces both)",
   "installed_typical": 11489,
   "installed_low": 7992,
   "installed_high": 14985,
   "rebates": 0,
   "energy_cost_per_year": 2985,
   "electricity_kwh_per_year": 11562,
   "fuel_per_year": null,
   "total_15_years": 56270
  },
  {
   "id": "hp_cold",
   "option": "High-efficiency cold-climate heat pump",
   "installed_typical": 14985,
   "installed_low": 10989,
   "installed_high": 19980,
   "rebates": 0,
   "energy_cost_per_year": 1934,
   "electricity_kwh_per_year": 7453,
   "fuel_per_year": null,
   "total_15_years": 43993
  }
 ],
 "rebates_checked": false,
 "rebate_programs": [],
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "citation": "MeterWise, \"Heat pump vs. gas furnace and AC on Upper Peninsula Power Company rates (MI)\", updated 2026-11-10, https://meterwise.app/mi/upper-peninsula-power-company/heat-pump-vs-furnace/"
}