Connecticut homeowners save an average of $771 per year switching to heat pumps, with some seeing up to 35% reduction in utility bills when replacing heating oil systems. The exact savings depend on your current heating fuel, home size, and usage patterns.
If you’re currently spending $1,800+ per winter on heating oil, a heat pump can cut that cost significantly while also providing efficient cooling during summer months. Over the 15-20 year lifespan of a quality heat pump, total savings typically range from $5,000 to $15,000.