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

In Ohio (18¢/kWh via AEP Ohio / FirstEnergy (PUCO)), a 2,000 sq ft home averages $868/year ($72/month) with a high-efficiency heat pump, $746/year with a natural gas furnace and central AC, and $2,603/year with electric baseboards.

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

At Ohio's natural gas rate of $1.3/therm, the economic break-even electricity price for a COP 3.1 heat pump is 14.9¢/kWh. Comparing this against Ohio's residential electricity rate of 18¢/kWh determines annual operating savings.

Ohio Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$72/mo

OH Electricity / Gas Rate

18¢ / $1.3

15-Yr Savings vs Baseboard

+$22,425

Ohio Annual Heating & Cooling Bills by Home Size

In Ohio, a 2,000 sq ft home averages $868/year ($72/mo) using a cold-climate heat pump ($801/yr winter heating + $68/yr summer cooling), compared to $746/year with a natural gas furnace and $2,603/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	$434/yr ($36/mo)	$373/yr ($31/mo)	$1,302/yr ($109/mo)	+$9,420
1,500 Sq Ft	$651/yr ($54/mo)	$559/yr ($47/mo)	$1,953/yr ($163/mo)	+$15,930
2,000 Sq Ft	$868/yr ($72/mo)	$746/yr ($62/mo)	$2,603/yr ($217/mo)	+$22,425
2,500 Sq Ft	$1,085/yr ($90/mo)	$932/yr ($78/mo)	$3,254/yr ($271/mo)	+$28,935
3,000 Sq Ft	$1,302/yr ($109/mo)	$1,119/yr ($93/mo)	$3,905/yr ($325/mo)	+$35,445
3,500 Sq Ft	$1,519/yr ($127/mo)	$1,305/yr ($109/mo)	$4,556/yr ($380/mo)	+$41,955

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Verify 2026 Federal 25C Tax Credit & AEP Ohio / FirstEnergy (PUCO) rebate eligibility and compare turnkey contractor pricing for a 3.0-Ton system (2,000 sq ft).

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