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

In Mississippi (14.2¢/kWh via Entergy Mississippi / MS Power), a 2,000 sq ft home averages $394/year ($33/month) with a high-efficiency heat pump, $460/year with a natural gas furnace and central AC, and $1,047/year with electric baseboards.

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

At Mississippi's natural gas rate of $1.42/therm, the economic break-even electricity price for a COP 3.1 heat pump is 16.3¢/kWh. Comparing this against Mississippi's residential electricity rate of 14.2¢/kWh determines annual operating savings.

Mississippi Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$33/mo

MS Electricity / Gas Rate

14.2¢ / $1.42

15-Yr Savings vs Baseboard

+$6,195

Mississippi Annual Heating & Cooling Bills by Home Size

In Mississippi, a 2,000 sq ft home averages $394/year ($33/mo) using a cold-climate heat pump ($259/yr winter heating + $135/yr summer cooling), compared to $460/year with a natural gas furnace and $1,047/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	$197/yr ($16/mo)	$230/yr ($19/mo)	$523/yr ($44/mo)	+$1,290
1,500 Sq Ft	$296/yr ($25/mo)	$345/yr ($29/mo)	$785/yr ($65/mo)	+$3,735
2,000 Sq Ft	$394/yr ($33/mo)	$460/yr ($38/mo)	$1,047/yr ($87/mo)	+$6,195
2,500 Sq Ft	$493/yr ($41/mo)	$575/yr ($48/mo)	$1,309/yr ($109/mo)	+$8,640
3,000 Sq Ft	$591/yr ($49/mo)	$690/yr ($58/mo)	$1,570/yr ($131/mo)	+$11,085
3,500 Sq Ft	$690/yr ($58/mo)	$805/yr ($67/mo)	$1,832/yr ($153/mo)	+$13,530

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Verify 2026 Federal 25C Tax Credit & Entergy Mississippi / MS Power rebate eligibility and compare turnkey contractor pricing for a 3.0-Ton system (2,000 sq ft).

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