Financial and CO2 Costs of Heaters, Boilers and Heat Pumps

This data-file models the costs and CO2 intensities of four different heating solutions: oil-fired furnaces, gas boilers, electric heaters and electrically-powered heat pumps.

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 in 2020, which are also tabulated in the data-file.