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

In New Hampshire (26.2¢/kWh via Eversource NH / Liberty Utilities), a 2,000 sq ft home averages $1,532/year ($128/month) with a high-efficiency heat pump, $1,297/year with a natural gas furnace and central AC, and $4,677/year with electric baseboards.

Are heat pumps cheaper to run than gas furnaces in New Hampshire?

At New Hampshire's natural gas rate of $1.9/therm, the economic break-even electricity price for a COP 3.1 heat pump is 21.8¢/kWh. Comparing this against New Hampshire's residential electricity rate of 26.2¢/kWh determines annual operating savings.

New Hampshire Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$128/mo

NH Electricity / Gas Rate

26.2¢ / $1.9

15-Yr Savings vs Baseboard

+$43,575

New Hampshire Annual Heating & Cooling Bills by Home Size

In New Hampshire, a 2,000 sq ft home averages $1,532/year ($128/mo) using a cold-climate heat pump ($1,477/yr winter heating + $54/yr summer cooling), compared to $1,297/year with a natural gas furnace and $4,677/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	$766/yr ($64/mo)	$648/yr ($54/mo)	$2,339/yr ($195/mo)	+$19,995
1,500 Sq Ft	$1,149/yr ($96/mo)	$973/yr ($81/mo)	$3,508/yr ($292/mo)	+$31,785
2,000 Sq Ft	$1,532/yr ($128/mo)	$1,297/yr ($108/mo)	$4,677/yr ($390/mo)	+$43,575
2,500 Sq Ft	$1,914/yr ($160/mo)	$1,621/yr ($135/mo)	$5,846/yr ($487/mo)	+$55,380
3,000 Sq Ft	$2,297/yr ($191/mo)	$1,945/yr ($162/mo)	$7,016/yr ($585/mo)	+$67,185
3,500 Sq Ft	$2,680/yr ($223/mo)	$2,269/yr ($189/mo)	$8,185/yr ($682/mo)	+$78,975

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Verify 2026 Federal 25C Tax Credit & Eversource NH / Liberty Utilities rebate eligibility and compare turnkey contractor pricing for a 3.0-Ton system (2,000 sq ft).

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