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

In Nevada (13.1¢/kWh via NV Energy), a 2,000 sq ft home averages $466/year ($39/month) with a high-efficiency heat pump, $562/year with a natural gas furnace and central AC, and $1,271/year with electric baseboards.

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

At Nevada's natural gas rate of $1.38/therm, the economic break-even electricity price for a COP 3.1 heat pump is 15.9¢/kWh. Comparing this against Nevada's residential electricity rate of 13.1¢/kWh determines annual operating savings.

Nevada Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$39/mo

NV Electricity / Gas Rate

13.1¢ / $1.38

15-Yr Savings vs Baseboard

+$8,475

Nevada Annual Heating & Cooling Bills by Home Size

In Nevada, a 2,000 sq ft home averages $466/year ($39/mo) using a cold-climate heat pump ($333/yr winter heating + $133/yr summer cooling), compared to $562/year with a natural gas furnace and $1,271/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	$233/yr ($19/mo)	$281/yr ($23/mo)	$635/yr ($53/mo)	+$2,430
1,500 Sq Ft	$349/yr ($29/mo)	$422/yr ($35/mo)	$953/yr ($79/mo)	+$5,460
2,000 Sq Ft	$466/yr ($39/mo)	$562/yr ($47/mo)	$1,271/yr ($106/mo)	+$8,475
2,500 Sq Ft	$582/yr ($49/mo)	$703/yr ($59/mo)	$1,589/yr ($132/mo)	+$11,505
3,000 Sq Ft	$698/yr ($58/mo)	$844/yr ($70/mo)	$1,906/yr ($159/mo)	+$14,520
3,500 Sq Ft	$815/yr ($68/mo)	$984/yr ($82/mo)	$2,224/yr ($185/mo)	+$17,535