In the continental US you get ~2x the heat from burning natural gas in a combined cycle turbine to run a heat pump than you would from using a high efficiency gas furnace.
The market price of electricity vs gas varies quite a bit through time and various distortions of the market. Currently gas is cheap, but you want to compare historical averages when buying something that lasts 15+ years not simply look at current rates.
The market price of electricity vs gas varies quite a bit through time and various distortions of the market. Currently gas is cheap, but you want to compare historical averages when buying something that lasts 15+ years not simply look at current rates.