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

In Manitoba (10.6¢/kWh via Manitoba Hydro), a 2,000 sq ft home averages $877/year ($73/month) with a high-efficiency heat pump, $1,121/year with a natural gas furnace and central AC, and $2,695/year with electric baseboards.

Are heat pumps cheaper to run than gas furnaces in Manitoba?

At Manitoba's natural gas rate of $1.18/therm, the economic break-even electricity price for a COP 3.1 heat pump is 13.6¢/kWh. Comparing this against Manitoba's residential electricity rate of 10.6¢/kWh determines annual operating savings.

Manitoba Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$73/mo

MB Electricity / Gas Rate

10.6¢ / $1.18

15-Yr Savings vs Baseboard

+$23,670

Manitoba Annual Heating & Cooling Bills by Home Size

In Manitoba, a 2,000 sq ft home averages $877/year ($73/mo) using a cold-climate heat pump ($859/yr winter heating + $18/yr summer cooling), compared to $1,121/year with a natural gas furnace and $2,695/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	$438/yr ($37/mo)	$560/yr ($47/mo)	$1,347/yr ($112/mo)	+$10,035
1,500 Sq Ft	$658/yr ($55/mo)	$841/yr ($70/mo)	$2,021/yr ($168/mo)	+$16,845
2,000 Sq Ft	$877/yr ($73/mo)	$1,121/yr ($93/mo)	$2,695/yr ($225/mo)	+$23,670
2,500 Sq Ft	$1,096/yr ($91/mo)	$1,401/yr ($117/mo)	$3,369/yr ($281/mo)	+$30,495
3,000 Sq Ft	$1,315/yr ($110/mo)	$1,681/yr ($140/mo)	$4,042/yr ($337/mo)	+$37,305
3,500 Sq Ft	$1,535/yr ($128/mo)	$1,962/yr ($164/mo)	$4,716/yr ($393/mo)	+$44,115