How much does it cost to heat and cool a 2,000 sq ft home in British Columbia?

In British Columbia (11.8¢/kWh via BC Hydro / FortisBC (BCUC)), a 2,000 sq ft home averages $520/year ($43/month) with a high-efficiency heat pump, $668/year with a natural gas furnace and central AC, and $1,594/year with electric baseboards.

Are heat pumps cheaper to run than gas furnaces in British Columbia?

At British Columbia's natural gas rate of $1.32/therm, the economic break-even electricity price for a COP 3.1 heat pump is 15.2¢/kWh. Comparing this against British Columbia's residential electricity rate of 11.8¢/kWh determines annual operating savings.

British Columbia Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$43/mo

BC Electricity / Gas Rate

11.8¢ / $1.32

15-Yr Savings vs Baseboard

+$12,510

British Columbia Annual Heating & Cooling Bills by Home Size

In British Columbia, a 2,000 sq ft home averages $520/year ($43/mo) using a cold-climate heat pump ($506/yr winter heating + $14/yr summer cooling), compared to $668/year with a natural gas furnace and $1,594/year with electric baseboards.

Home Size	Heat Pump (COP 3.1)	Gas Furnace + AC	Baseboard + Window AC	15-Yr Heat Pump Savings
1,000 Sq Ft	$260/yr ($22/mo)	$334/yr ($28/mo)	$797/yr ($66/mo)	+$4,455
1,500 Sq Ft	$390/yr ($33/mo)	$501/yr ($42/mo)	$1,195/yr ($100/mo)	+$8,475
2,000 Sq Ft	$520/yr ($43/mo)	$668/yr ($56/mo)	$1,594/yr ($133/mo)	+$12,510
2,500 Sq Ft	$650/yr ($54/mo)	$834/yr ($70/mo)	$1,992/yr ($166/mo)	+$16,530
3,000 Sq Ft	$780/yr ($65/mo)	$1,001/yr ($83/mo)	$2,391/yr ($199/mo)	+$20,565
3,500 Sq Ft	$910/yr ($76/mo)	$1,168/yr ($97/mo)	$2,789/yr ($232/mo)	+$24,585

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Verify 2026 Canada Greener Homes & BC Hydro / FortisBC (BCUC) rebate eligibility and compare turnkey contractor pricing for a 3.0-Ton system (2,000 sq ft).

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