Did you know that your heating system has the most impact on your utility bill each winter? An energy-efficient electric heat pump is the most economical way to heat and cool your home in West Tennessee’s climate.
Heat pumps are becoming more popular as energy prices continue to rise and homeowners look for ways to control their energy costs. All energy costs have gone up, but electricity costs continue to be more stable and more consistent than natural gas and propane costs.
An efficient heat pump can save you hundreds of dollars each year in your heating costs, depending on the type of heat you have now. According to research from the Tennessee Valley Authority, you can save up to 50 percent on heating costs compared with electric resistance heat. Operating costs for a standard heat pump are 53 percent less than costs for natural gas or propane. Air conditioning costs with a heat pump are similar to costs with other central air-conditioning systems.
A heat pump’s performance is rated by its SEER (Seasonal Energy Efficiency Ratio). The higher the SEER, the higher the efficiency of the heat pump and the lower the cost to operate it. The federal government has raised the minimum SEER rating that can be manufactured to a 14 SEER rating.
The higher the efficiency of your pump, the more you will pay for the unit on the front end, but the less expensive it will be to operate. You will realize the savings each month on your electric bill.
Financing your heat pump
- Ripley Power and Light offers low-interest financing for your heat pump purchase. You can pay for your heat pump on your monthly utility bill with no money down and up to 10 years to repay and with no prepayment penalty.
- You must buy your heat pump through a member of our Quality Contractor Network to ensure that you get the correct-sized heat pump for your home’s heating and cooling needs and that it will be installed correctly.
How a heat pump works
- In cold weather, a heat pump takes heat from the air outside your home and circulates it inside your home.
- The process reverses in the summer, as it takes the hot air from inside your home and pumps it outside, while circulating the cooled, dehumidified air throughout your home.
More on heat pumps
- Electric heat pumps keep your home warm in the winter, cool in the summer
- Unlike gas heaters, heat pumps have no fumes or flames.
- It’s important to look for the SEER rating on the heat pump to determine its efficiency.
- Heat pumps aren’t new. The first practical model was in use in 1927. They were introduced to the American market in the 1950s. Millions are in homes today.
Call us at 731-635-2323 or 731-836-7595 to find out more about financing a heat pump for your home, or or fill out this online form.