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

In Oklahoma (13.4¢/kWh via OG&E / PSO Oklahoma), a 2,000 sq ft home averages $494/year ($41/month) with a high-efficiency heat pump, $554/year with a natural gas furnace and central AC, and $1,380/year with electric baseboards.

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

At Oklahoma's natural gas rate of $1.28/therm, the economic break-even electricity price for a COP 3.1 heat pump is 14.7¢/kWh. Comparing this against Oklahoma's residential electricity rate of 13.4¢/kWh determines annual operating savings.

Oklahoma Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$41/mo

OK Electricity / Gas Rate

13.4¢ / $1.28

15-Yr Savings vs Baseboard

+$9,690

Oklahoma Annual Heating & Cooling Bills by Home Size

In Oklahoma, a 2,000 sq ft home averages $494/year ($41/mo) using a cold-climate heat pump ($378/yr winter heating + $116/yr summer cooling), compared to $554/year with a natural gas furnace and $1,380/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	$247/yr ($21/mo)	$277/yr ($23/mo)	$690/yr ($58/mo)	+$3,045
1,500 Sq Ft	$370/yr ($31/mo)	$416/yr ($35/mo)	$1,035/yr ($86/mo)	+$6,375
2,000 Sq Ft	$494/yr ($41/mo)	$554/yr ($46/mo)	$1,380/yr ($115/mo)	+$9,690
2,500 Sq Ft	$617/yr ($51/mo)	$693/yr ($58/mo)	$1,725/yr ($144/mo)	+$13,020
3,000 Sq Ft	$741/yr ($62/mo)	$831/yr ($69/mo)	$2,070/yr ($173/mo)	+$16,335
3,500 Sq Ft	$864/yr ($72/mo)	$970/yr ($81/mo)	$2,415/yr ($201/mo)	+$19,665

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Verify 2026 Federal 25C Tax Credit & OG&E / PSO Oklahoma rebate eligibility and compare turnkey contractor pricing for a 3.0-Ton system (2,000 sq ft).

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