New oil furnace + new AC
- Installed
- $13,600$9,300–$16,800
- Energy per year
- $3,020Baseline
- 15-year total
- $58,900
- Payback
- Baseline
Heat pump or new furnace and AC? For Bedford Rural Elec Coop, Inc customers
For Bedford Rural Elec Coop, Inc customers in Pennsylvania, on the utility's average price, local weather.
Quick answer · updated
As of November 2026, for a typical 1,800 sq ft heating oil-heated home on Bedford Rural Elec Coop, Inc electricity rates in Pennsylvania that needs a new furnace and AC: A heat pump comes out ahead here even with a high quote: about $35,300 less than a new furnace and AC over 15 years at typical prices, and $2,220 a year less to run.
Electricity
14.5¢/kWh
-30% vs. Pennsylvania average
Heating fuel
$5.98/gallon
Heating oil: 46% of homes here
Climate
6,150
heating degree days · Shawnee Sp
Rebates
Not checked
not yet researched in Pennsylvania
Our estimate for this home
A heat pump comes out ahead
A heat pump comes out ahead here even with a high quote: about $35,300 less than a new furnace and AC over 15 years at typical prices, and $2,220 a year less to run.
Total cost over 15 years
Installed cost plus energy, year by year. Hover or tap the chart to compare.
- New oil furnace + new AC
- Heat pump (replaces both)
- High-efficiency cold-climate heat pump
Show as a table
| Option | Installed cost (typical, range, after rebates) | Energy cost per year | 15-year total | Payback vs. like-for-like |
|---|---|---|---|---|
| New oil furnace + new AC | $13,600 $9,300–$16,800 |
$3,020 |
$58,900 | Baseline |
| Heat pump (replaces both) Lowest 15-year cost | $11,600 $8,100–$15,200 |
$800 saves $2,220/yr |
$23,600 | Cheaper up front and to run |
| High-efficiency cold-climate heat pump | $15,200 $11,100–$20,200 |
$620 saves $2,400/yr |
$24,400 | 0.6 years |
What this is based on
- Electricity: Bedford Rural Elec Coop, Inc's average residential price in PA (EIA), $0.145/kWh; the winter price of extra kWh is estimated at $0.116/kWh. Enter your own rate for a closer answer.
- Weather: Shawnee Sp (6,150 heating and 601 cooling degree days a year, 1991-2020).
- Heating fuel prices (EIA): gas $1.44/therm (Pennsylvania, average of the last five winter months); propane $3.19/gallon (Pennsylvania average this heating season); heating oil $5.98/gallon (Pennsylvania average this heating season).
- Homes in Bedford Rural Elec Coop, Inc's Pennsylvania area heat with heating oil 46%, electricity 22%, gas 12%, propane 5% (U.S. Census Bureau, American Community Survey 2019-2023). The calculator starts with heating oil, the most common furnace fuel here; pick yours above.
- Pennsylvania HVAC installer wages are 2% above the U.S. median (BLS), so installed prices are scaled by 1.01.
- Energy use for heating and cooling:
- New oil furnace + new AC: 1,350 kWh and 474 gallons of heating oil a year for heating and cooling
- Heat pump (replaces both): 6,488 kWh a year for heating and cooling
- High-efficiency cold-climate heat pump: 5,000 kWh a year for heating and cooling
Rebates
- We haven't checked heat pump rebates in Pennsylvania yet, so these numbers leave them out. Utility and state programs can take thousands off a heat pump: ask Bedford Rural Elec Coop, Inc and your contractor what's available. Each dollar of rebate adds a dollar to the quote gap a heat pump can carry.
How Bedford Rural Elec Coop, Inc's rates change the answer
Bedford Rural Elec Coop, Inc's electricity price for a typical home is 30% below the Pennsylvania average ($0.145 vs. $0.209 per kWh). A heat pump moves your heating from gas, propane or oil to electricity, so the electricity price is the biggest single factor: calculators that use a state average can get the answer wrong for your utility. At these prices, a heat pump is cheaper to run than heating oil heat for a typical home here.
Common questions
Is a heat pump worth it for Bedford Rural Elec Coop, Inc customers?
A heat pump comes out ahead here even with a high quote: about $35,300 less than a new furnace and AC over 15 years at typical prices, and $2,220 a year less to run. This is for a typical 1,800 sq ft home with average insulation that heats with heating oil and needs both a new furnace and AC; change the details in the calculator above for your home.
How much does a heat pump cost to run on Bedford Rural Elec Coop, Inc's rates?
About $800 a year for heating and cooling with a heat pump (6,488 kWh), compared with about $3,020 a year for a new furnace and AC, for a typical 1,800 sq ft home with weather like Shawnee Sp's.
How much does a heat pump cost to install in Pennsylvania?
Our typical installed price for a heat pump in Pennsylvania is about $11,626 (range $8,088 to $15,165), against about $13,648 for a new furnace and AC. Prices are published study ranges scaled for home size and Pennsylvania installer wages; rebates in Pennsylvania have not been checked yet, so they are not included. Always compare real quotes.
What electricity price does this use?
Electricity: Bedford Rural Elec Coop, Inc's average residential price in PA (EIA), $0.145/kWh; the winter price of extra kWh is estimated at $0.116/kWh. Enter your own rate for a closer answer.
How we calculate this
Heating and cooling need
Your home's yearly heating and cooling need comes from 1991-2020 NOAA climate normals for the nearest weather station, scaled by floor area and insulation level. If you know last winter's gas use, compare it with the therms in the energy-use list above.
Heating fuels
Choose the fuel your furnace burns: gas, propane, heating oil or electricity. Gas uses the state's average residential price over the last five winter months; propane and heating oil use the U.S. Energy Information Administration's weekly residential prices for this heating season (state, regional or U.S. average, as available), converted by heat content (91,500 Btu per gallon of propane, 138,500 per gallon of oil). An electric furnace is priced through the same electricity rates as the heat pump. The starting fuel is the most common furnace fuel in the utility's area (U.S. Census Bureau, American Community Survey).
Equipment efficiency
New gas or propane furnace 95% AFUE, new oil furnace 85%, electric furnace 100%; new AC SEER2 13.4; standard heat pump SEER2 15.2 / HSPF2 7.8; high-efficiency cold-climate heat pump SEER2 21.5 / HSPF2 10.6. Heat pump efficiency falls as it gets colder, and in cold months part of the heat comes from backup electric strips (or your old furnace, if you keep it). Existing equipment is assumed to be 15-20 years old: an 80% gas or propane furnace, a 78% oil furnace or a SEER2 9.5 AC.
Installed costs
Installed prices vary a lot, so we show a typical price and a range for a home of about 1,800 sq ft with existing ductwork, scaled for larger or smaller homes: furnace and AC together $9,000–$14,000; furnace alone $3,800–$7,000; AC alone $4,500–$9,000; standard heat pump $8,000–$15,000; high-efficiency cold-climate heat pump $11,000–$20,000; electrical panel upgrade, if needed, $1,500–$4,000. These are national figures drawn from published studies and program data (NESCAUM / Energy Solutions, Heat Pumps in the Northeast and Mid-Atlantic: Costs and Market Trends (October 2024); Rewiring America, Upfront cost of home electrification (March 2024); EIA, Updated Buildings Sector Appliance and Equipment Costs and Efficiencies (2023)). The most useful number here is how much more a heat pump can cost than a like-for-like quote and still come out ahead: get quotes for both and compare.
Labor and rebates
Half of each installed price is treated as labor and scaled by the state's median HVAC installer wage relative to the U.S. median (U.S. Bureau of Labor Statistics). Listed rebates are subtracted when the box is ticked; per-ton rebates assume about one ton of capacity per 600 sq ft. Rebates change often and have eligibility rules, so confirm with the program before you buy.
Not included
Financing, maintenance (similar for all options), local town rebates, and changes in energy prices over time.