This data-file models the costs of home heating technologies, such as boilers and heat pumps, as well as their CO2 intensities. Specifically, oil-fired furnaces, gas boilers, electric heaters and electrically-powered heat pumps are compared and contrasted on different cost metrics.
Gas-fired boilers are most justified in gaining future market share, based on our cost data, even after paying $50/ton for CO2 offsets, to decarbonize the gas. Heat pumps are most efficient.
To compare and contrast the different solutions, you can vary oil prices, gas prices and power prices in the data-file.
Costs and efficiencies of the boilers and heat pumps are based on the specifications of products available online, which are also tabulated in the data-file.
The data file has been expanded to capture ground source heat pumps, blue hydrogen boilers and green hydrogen boilers.
Heat pumps may save 50-70% of CO2, while raising total costs 0-100%; but the numbers all vary case-by-case and comparisons are not fully apples-to-apples.
Please see our broader research into heat pumps, residential energy consumption, heat pump sales and air conditioning.